Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611659
Bank Name:Indian Bank
Branch Name:ZONAL OFFICE, KOZHIKODE
Reserve Price:₹12,00,000
EMD:₹1,20,000
Bid Increment:₹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 prime piece of land located in the scenic Nilambur Taluk of Malappuram, Kerala. Ideal for residential development, this asset falls under the purview of SARFAESI auction. Situated in a developing area, it offers a great opportunity for investment or personal use.
State:Kerala
City:Malappuram
Area:Nilambur Taluk
Asset Category:Residential
Full Address:RS No. 334/1-7, Wandoor Village, Nilambur Taluk, Malappuram Dist, Wandoor Village, Malappuram
Size:10 cents
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential land parcel in Nilambur Taluk, Malappuram, Kerala. The auction will take place on December 10, 2025, from 11:00 AM to 05:00 PM. The reserve price is set at ₹12,00,000.00, with an Earnest Money Deposit (EMD) of ₹1,20,000.00 required to participate. This is a valuable opportunity to acquire property in a sought-after location.
Borrower Name:M/s Thripthi Margin Free Market
Auction Type:SARFAESI Auction
Guarantor Names:Mr. K L Aravindakshan, Mrs. Preethi Aravindakshan, Mrs. Manjula T D
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil as per Bank record
Why This Property
The property is a land parcel in Nilambur, a developing area in Malappuram. The reserve price is relatively low, but the lack of specific developmental details impacts the overall score. This represents a calculated opportunity for investors familiar with the local market.
Contact Details
Branch:Branch Office : ZONAL OFFICE, KOZHIKODE
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:8291220220
