20.02 hectares Commercial Building for Auction in Elapully Village, Palakkad – Canara

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

20.02 hectares (≈ 21,54,932 sq ft)

Reserve price / sq ft

₹1

Locality

Elapully Village

City

Palakkad

State

Kerala

Pincode

678007

Address

ELAPULLY VILLAGE, Palakkad, Kerala, 678007 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

SPECIALIZED ARM BRANCH KOZHIKODE

Auction type

SARFAESI Auction

Borrower

A A** A C*****

Auction start

27 Oct 2026, 12:00 PM

Auction end

27 Oct 2026, 01:00 PM

EMD submission deadline

27 Oct 2026, 12:00 PM

Inspection

01 Oct 2026, 10:00 AM – 26 Oct 2026, 05:00 PM

Authorised officer

Saravanakumar

Officer contact

9188406941

E-auction portal

BAANKNET (Property ID CNRB314221475)

Price Check

This listing's reserve price works out to ₹1 per sq ft. The average across commercial bank auctions in Palakkad on our site is ₹3,233 per sq ft, so this one is 100% 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 1 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRB314221475)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 27 Oct 2026, 12:00 PM. It is refunded if you don't win.
5. Bid online on 27 Oct 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.