Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609593
Bank Name:South Indian Bank
Branch Name:REGIONAL OFFICE KANNUR
Reserve Price:₹3,20,26,000
EMD:₹32,02,600
Bid Increment:₹10,000
Auction Time:10:30 AM to 11:30 AM
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-12-04
Bid Start Date:2025-12-05
Property Description
A plot of land located in the scenic region of Mananthavady, Wayanad, Kerala. This residential land offers a unique opportunity to own a piece of this sought-after destination. The property is being auctioned by South Indian Bank.
State:Kerala
City:Wayanad
Area:Mananthavady
Asset Category:Residential
Full Address:Land admeasuring 84 Cents along with buildings bearing door No.IX/14A,B,B1,B2,C, D&E of Vellamunda Panchayath, Vellamunda Panchayath, Mananthavady
Size:84 Cents
Auction Description
South Indian Bank is conducting a SARFAESI auction for a parcel of land in Mananthavady, Wayanad, Kerala. The auction will take place on December 5, 2025, from 10:30 AM to 11:30 AM. The reserve price is ₹3,20,26,000, with an Earnest Money Deposit (EMD) of ₹32,02,600. This is a prime opportunity for investment or development in a beautiful locale.
Borrower Name:Mr.Ibrai.K
Auction Type:SARFAESI Auction
Guarantor Names:Ms.Nusaiba K, Ms.Subaida, Mr.Munafis, Mr.Muhsin
Legal Details
Possession Status:Physical
Encumbrance Details:No encumbrance
Why This Property
The property is a land parcel in a rural area. The reserve price and EMD is high and the location has decent potential. It's a calculated opportunity due to its potential for development and appreciating value, but the investment carries moderate risk.
Contact Details
Branch:Branch Office : REGIONAL OFFICE KANNUR
Service Provider:bankauctions.in
Contact Details:
Contact no:04935242260
