3,423.76 sq meter Industrial Plot for Auction in Vallapuzha, Ongallur, Palakkad – SBI

Property Details

Property type

Industrial Plot (Industrial)

Possession

Physical Possession

Area

3,423.76 sq meter (≈ 36,853 sq ft)

Reserve price / sq ft

₹244

Locality

Vallapuzha, Ongallur

City

Palakkad

State

Kerala

Pincode

679336

Address

Vallapuzha, Ongallur, Kerala, 679336 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

State Bank of India

Branch

SARB ERNAKULAM-05182

Auction type

SARFAESI Auction

Borrower

WOOD M*****

Auction start

02 Dec 2026, 11:00 AM

Auction end

02 Dec 2026, 04:00 PM

EMD submission deadline

02 Dec 2026, 03:00 PM

Inspection

02 Nov 2026, 10:00 AM – 01 Dec 2026, 05:00 PM

Authorised officer

AKBER V K

Officer contact

8304966088

E-auction portal

BAANKNET (Property ID SBIN85292085852)

Price Check

This listing's reserve price works out to ₹244 per sq ft. The average across industrial bank auctions in Palakkad on our site is ₹1,201 per sq ft, so this one is 80% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on 2 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID SBIN85292085852)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 02 Dec 2026, 03:00 PM. It is refunded if you don't win.
5. Bid online on 2 Dec 2026 starting above the reserve price.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.