Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613974
Bank Name:Union Bank of India
Branch Name:Asset Recovery Branch
Reserve Price:₹1,26,25,000
EMD:₹12,62,500
Auction Time:12:00 PM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:10-12-2025 05:00 PM
Bid Start Date:2025-12-11
Property Description
This is a unique opportunity to acquire a valuable parcel of land in Palakkad, Kerala, offered through a SARFAESI auction by Union Bank of India. The property is situated in the Palakkad area, a region known for its growth and potential. Ideal for residential development, this land presents a blank canvas for your vision. Don't miss this chance to invest in a prime location.
State:Kerala
City:Palakkad
Area:Palakkad
Asset Category:Residential
Full Address:Re Sy No. 310/24,25,26,27,22 (old Sy No. 1012/4,5) in Block No.31 with industrial shed thereon in Puthussery central village, Palakkad Taluk Palakkad district, Puthussery central village, Palakkad
Size:0.9854 Hec
Auction Description
Union Bank of India presents an exclusive SARFAESI auction for a residential land parcel in Palakkad, Kerala. The auction will take place on December 11, 2025, commencing at 12:00 PM and concluding at 05:00 PM. The reserve price for this exceptional opportunity is ₹1,26,25,000.00, with an Earnest Money Deposit (EMD) of ₹12,62,500.00 required to participate. This is a prime chance to acquire a significant asset in a developing region.
Borrower Name:M/s Shan Associates
Auction Type:SARFAESI Auction
Guarantor Names:Ms. Fathima Febin, Mr. Umarul Farooque
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil (However indenting bidders are advised to verify the EC and satisfy themselves before submitting bid)
Why This Property
The property is a land parcel with an industrial shed in Palakkad. The reserve price seems reasonable, but bidders should verify the EC before participating. Given the land location and type, it's a calculated opportunity for those looking for industrial land in the area.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Chief Manager & Authorised Officer
Contact no: —
