Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614128
Bank Name:Cholamandalam Investment And Finance Company Limited
Branch Name:Corporate Office : Chennai
Reserve Price:₹36,27,450
EMD:₹3,62,745
Bid Increment:₹10,000
Auction Time:02:00 P.M. to 04:00 P.M.
Service Provider:auctionfocus.in
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-26
Property Description
A residential plot located in the Kalliasseri area of Kannur, Kerala. This property is part of a SARFAESI auction conducted by Cholamandalam Investment And Finance Company Limited. The plot offers a prime location within a developing area, suitable for residential construction. It represents an excellent opportunity for investors or individuals seeking to build their dream home in a well-connected part of Kannur.
State:Kerala
City:Kannur
Area:Kalliasseri
Asset Category:Residential
Full Address:Old Survey No 74/1 Re Survey No 78/6A( 78/148 as per revenue records), Thandaper No 923 in Dharmadam Village, Kalliasseri, Kannur
Size:1.31 Ares
Auction Description
Cholamandalam Investment And Finance Company Limited is holding a SARFAESI auction for a residential plot in Kalliasseri, Kannur, Kerala. The auction's reserve price is set at 36,27,450 INR, with an Earnest Money Deposit (EMD) of 3,62,745 INR required. The auction will take place online on November 26, 2025, commencing at 02:00 PM and concluding at 04:00 PM. This is a significant opportunity to acquire a plot in a sought-after location directly from the bank.
Borrower Name:Mr Binesh Varachalil
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Mammali Sindhu
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential plot in Kannur, Kerala, offered at a reasonable reserve price. While the location is not explicitly highlighted as prime, the investment opportunity is attractive given the region's developing real estate market. The constructive possession status and standard auction terms present a calculated risk.
Contact Details
Branch:Branch Office : Corporate Office : Chennai
Service Provider:auctionfocus.in
Contact Details:
Renish A.R
Contact no:8592982255
