0.4 hectare Land & Building for Auction in Malappuram – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

0.4 hectare (≈ 43,561 sq ft)

Reserve price / sq ft

₹1,607

Locality

—

City

Malappuram

State

Kerala

Address

All that part and parcel of land admeasuring 0.4047 Hectares (1.00 Acres) along with all other constructions, improvements, easementary rights existing and appurtenant thereon situated in Sy No. 1044/7A-14 within Block No. 001 of Edakkara Village, Nilambur Taluk, Malappuram District and owned by Mr. Joy Varghese, morefully described in Joint Right Release Deed No. 1489/2017 dated 29-03-2017 of SRO Edakkara, Joint Right Release Deed No. 2618/1982 dated 06-05-1982 of SRO - Nilambur & Jenmam Assignment Deed No. 2532/1982 dated 03-05-1982 of SRO - Nilambur, and bounded on (Boundaries as per Location Map No. 01/2020(1) dated 01-01-2020 issued by Village Officer - Edakkara), North Road South:Property of Sankara Narayanan, Dasan East Road West Property of Dr. Naveen Chandran View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Edakkara Branch

Auction type

SARFAESI Auction

Borrower

Mr. J** V*****

Auction start

09 Oct 2026, 11:30 AM

Auction end

09 Oct 2026, 12:00 PM

EMD submission deadline

08 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2401269

Price Check

This listing's reserve price works out to ₹1,607 per sq ft. The average across residential bank auctions in Malappuram on our site is ₹5,364 per sq ft, so this one is 70% 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 the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (bankauctions.in (4Closure) · Listing 2401269), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹70,00,000 before 08 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 9 Oct 2026 starting above the reserve price, in multiples of ₹50,000.
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.