Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611817
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹35,00,000
EMD:₹3,50,000
Auction Time:11:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
This is a SARFAESI auction for a plot of land located in Alathur, Palakkad, Kerala. The property is being auctioned by Indian Bank and was formerly mortgaged by Mr. VK Kareem. The land is classified as residential.
State:Kerala
City:Palakkad
Area:Alathur
Asset Category:Residential
Full Address:Re sy no 96/6 and 96/8 (old sy no 44PPP/687) Block no 45, Vadakkenchery I village (fish market Mandham Old Chanthapura), Alathur Taluk, Palakkad-688683, Vadakkenchery, Palakkad
Size:9.68 cents
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential land parcel in Alathur, Palakkad, Kerala. The auction will take place on December 10, 2025, starting at 11:00 AM and concluding at 5:00 PM on the same day. The reserve price for this auction is ₹35,00,000, with an Earnest Money Deposit (EMD) of ₹3,50,000 required to participate.
Borrower Name:Mr. VK Kareem
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil as per Bank record
Why This Property
The land in Alathur presents a moderate investment opportunity due to its location and reserve price. While the area has potential, the absence of specific development plans warrants a 'Calculated Opportunity' rating. The auction terms are standard, making it a reasonable option for investors familiar with the local market.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
