12 cent Land & Building for Auction in Palakkad – Phoenix ARC

Property Details

Property type

Land & Building (Residential)

Possession

Not specified

Area

12 cent (≈ 5,227 sq ft)

Reserve price / sq ft

₹2,870

Locality

—

City

Palakkad

State

Kerala

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Phoenix ARC

Branch

Phoenix Trust F.Y. 25-2

Auction type

SARFAESI Auction

Borrower

Sreekumar V**

Auction start

30 Sep 2026, 11:00 AM

Auction end

30 Sep 2026, 12:00 PM

EMD submission deadline

29 Sep 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

C1 India (bankeauctions.com)

Price Check

This listing's reserve price works out to ₹2,870 per sq ft. The average across residential bank auctions in Palakkad on our site is ₹2,187 per sq ft, so this one is 31% above 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 (open notice).
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (C1 India (bankeauctions.com)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹15,00,000 before 29 Sep 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 30 Sep 2026 starting above the reserve price, in multiples of ₹1,00,000.
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.