Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613113
Bank Name:Canara Bank
Branch Name:SPECIALIZED ARM BRANCH, KOZHIKODE
Reserve Price:₹82,80,000
EMD:₹8,28,000
Auction Time:11:30 A.M. to 12:30 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-28
Bid Start Date:2025-11-29
Property Description
This is a bank auction property located in Vythiri, Wayanad, Kerala. The asset is an industrial shed, previously owned by M/s Wasuki Farmers Society. This is a prime opportunity to acquire a property in a sought-after region of Kerala. The property is offered through a SARFAESI auction by Canara Bank. Ideal for industrial or commercial purposes. Its location in Wayanad, known for its scenic beauty and growing economic activity, makes it a valuable acquisition.
State:Kerala
City:Wayanad
Area:Vythiri
Asset Category:Industrials
Full Address:Re Sy No 66/1, 68/8, 66/2, 68/5 in Kaniyambatta Amsom, Vythiri taluk, Wayanad District, Vythiri, Wayanad
Size:251 cents
Auction Description
Canara Bank is conducting a SARFAESI auction for an industrial shed in Vythiri, Wayanad, Kerala. The auction will be held online on 29-11-2025, starting at 11:30 AM and concluding at 12:30 PM. The reserve price for this property is ₹82,80,000.0, with an Earnest Money Deposit (EMD) of ₹8,28,000.0 required to participate. This is a unique chance to bid on a valuable industrial asset. Interested parties are advised to review all auction terms and conditions prior to the bidding process. Don't miss this opportunity to own a piece of Wayanad's industrial landscape.
Borrower Name:M/s Wasuki Farmers Society
Auction Type:SARFAESI Auction
Guarantor Names:Sri. P.T. Raju Chairman, Sri. Manu P.R, Sri. Robin P.R, Smt. Leela Raju, Sri. Shibu Paul, Sri. Saji K.P, Sri. Babu K.M, Sri. Antony V.V, Dr. Ambi, Janaki M.P, T Mani, Vijayalakshmi M, Vijayakumar C.T, Srudhin Kuriakose, Johnson K M, Aneesh P.M, Sudhish, Krishnakumari P.G, Viswambharan
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a commercial shed in Vythiri, Wayanad, presenting a moderate investment opportunity. The reserve price is relatively reasonable, given the location and size. A calculated approach is advised, considering local market conditions and potential rental income or business prospects.
Contact Details
Branch:Branch Office : SPECIALIZED ARM BRANCH, KOZHIKODE
Service Provider:BAANKNET
Contact Details:
Contact no:9188406941
