Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611769
Bank Name:Tamilnad Mercantile Bank Limited
Branch Name:kanhangad branch
Reserve Price:₹77,42,000
EMD:₹7,74,200
Auction Time:03:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:05-12-2025 05:00 PM
Bid Start Date:2025-12-06
Property Description
Discover a prime plot of land in Vellarikundu, Kasaragod, Kerala, offered by Tamilnad Mercantile Bank Limited. This residential plot presents an excellent opportunity for development or investment in a growing region. The property is situated in a well-connected area, offering convenience and accessibility.
State:Kerala
City:Kasaragod
Area:Vellarikundu
Asset Category:Residential
Full Address:250/B, R.S.No. 547/1 (New 547/1 pt 65) Parappa Village, Vellarikundu Taluk, Kodom Belur Grama Panchayat, Kasaragod District and house building thereon bearing Door No. 250/B at ward no 9, Vellarikundu, Kasaragod
Size:22.50 cents
Auction Description
Tamilnad Mercantile Bank Limited presents a SARFAESI auction for a residential plot in Vellarikundu, Kasaragod. The auction will take place on December 6, 2025, from 3:00 PM to 4:00 PM. The reserve price is ₹77,42,000, with an Earnest Money Deposit (EMD) of ₹7,74,200. This is a unique chance to acquire a valuable asset through a transparent auction process.
Borrower Name:M/s. EMA Silks
Auction Type:SARFAESI Auction
Guarantor Names:Mr. P. Sidheeque, Mr. P. Muneer, Mr. P. P. Latheef, Mrs. M. Kunhipathumma @ Beepathumma
Legal Details
Possession Status:Physical
Encumbrance Details:Not subject to any other encumbrance except mentioned above.
Why This Property
The property presents a calculated opportunity due to its location in Kasaragod, Kerala, and its classification as land with an existing structure. The reserve price is moderate, and the auction terms are standard. While the location might not be a prime metropolitan area, the land's potential for development or resale merits consideration.
Contact Details
Branch:Branch Office : kanhangad branch
Service Provider:Public Auction
Contact Details:
Contact no: —
