Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612594
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹67,50,000
EMD:₹6,75,000
Auction Time:10:30 AM to 11:30 AM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-25
Property Description
This is a prime plot of land located in Thalappilly, Thrissur, Kerala, designated for a SARFAESI auction by Canara Bank. The property falls under the residential asset category, offering a great opportunity for development or investment in a developing area. Its strategic location in Thrissur ensures good connectivity and potential for appreciation. The land is being auctioned from the borrower M/s Wellcare Chemicalls.
State:Kerala
City:Thrissur
Area:Thalappilly
Asset Category:Residential
Full Address:Neelankavil House, Velur, Thrissur, Talappilly-680601, Velur Village, Thrissur
Size:19.02 Ares
Auction Description
Canara Bank is conducting a SARFAESI auction for a valuable piece of land in Thalappilly, Thrissur, Kerala. The auction will take place on November 25, 2025, starting at 10:30 AM and concluding at 11:30 AM. The reserve price for this residential land is set at ₹67,50,000, with an Earnest Money Deposit (EMD) of ₹6,75,000 required to participate. This is a fantastic opportunity for interested parties to acquire property through a transparent bank auction process.
Borrower Name:M/s Wellcare Chemicalls
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Justin Joseph
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land parcel in a developing area. The reserve price is moderate, and the auction terms are standard, suggesting a calculated risk with potential for appreciation. It requires due diligence regarding local development plans.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:0484-2353072/2353071
