3,000 sq ft Commercial Building for Auction in Malappuram – SIB

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

3,000 sq ft

Reserve price / sq ft

₹1,243

Locality

—

City

Malappuram

State

Kerala

Address

All that part and parcel of land admeasuring 4.50 Cents (1.82 Ares) along With residential cum commercial building admeasuring 3000 sq.ft (approximately) and all other usufructs and improvements thereon in Re-Sy.No. 24/24-2 situated in Nilambur Village, Nilambur Taluk, Malappuram District, owned by Mr. Biju Valadi, more particularly described in Jenmam Assignment Deed No. 2352/2014 dated 09.06.2014 of SRO Nilambur, with following boundaries:-North. Rroperty of KunhikayyummaEast: Property of Unneen AmbalavanSouth: RoadWest: Property of Ayyoob Kooliyodan View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Pullipadam

Auction type

SARFAESI Auction

Borrower

Mr B*** V*****

Auction start

17 Nov 2026, 12:00 PM

Auction end

17 Nov 2026, 12:30 PM

EMD submission deadline

16 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2431806

Price Check

This listing's reserve price works out to ₹1,243 per sq ft. The average across commercial bank auctions in Malappuram on our site is ₹3,961 per sq ft, so this one is 69% 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 (4Closure · Listing 2431806), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,72,900 before 16 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 17 Nov 2026 starting above the reserve price, in multiples of ₹10,000.
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.