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Auction ID :A0140

Valid Till : 26-Mar-2021 Posted Date : 09-Mar-2021 13:27  
Asset Type : Immovable
Property Type : Residential Flat
Reserve Price : Rs. 1,66,82,000.00
(Rs. One Crores Sixty Six Lakhs Eigthy Two Thousand )
Year of Construction / Age of Machinery :
Owner Information
Owner Of the Asset : Deecon Builders & Developers
Address1 : RKP XI / 224 & 225
Address2 : NH-17 Bypass
City : Ramanattukara
Taluk : Kozhikode
District : Kozhikode
State : Kerala
Country : India
Pincode : 673633
Type of facility Sanctioned : TL
Total Liability : Rs. 2,85,31,965.00
(Inwords: Two Crores Eigthy Five Lakhs Thirty One Thousand Nine Hundred and Sixty Five)
Total Liability is as on : 09-Mar-2021
Asset Information
Asset Address1 : Deecon Builders & Developers
Asset Address2 : RKP XI / 224 & 225
Asset Taluk : Kozhikode
Asset City : Ramanattukara
Asset District : Kozhikode
Asset State : Kerala
Asset Country : India
Asset Pincode : 673633
Description of the Property :

Block 1 (Owned by Noushad P M vide Doc No. 3455/2011 and 3457/2011 of Feroke SRO) - Reserve Price Rs. 25,70,000

All that part and parcel of land admeasuring 6.06 Ares and all other things attached thereto, comprised in R.S.No 486, 540/2 of Ramanattukara village, Kozhikode Taluk, Kozhikode District and situated in Ramanattukara Municipality, with following boundaries:-

East – Property of Mujeeb Rahman
North – Property of Abdul Samad
South – Anyakaivasam
West – Thodu

Block 2 (Owned by Mujeeb Rahman P M vide Doc No. 3458/2011 and 3459/2011 of Feroke SRO) - Reserve Price Rs. 59,25,000

All that part and parcel of land admeasuring 4.39 Ares, together with two partially constructed villas comprising of two floors of total plinth area of 4281 Sq. ft. and all other things attached thereto, comprised in R.S.No 486/3 of Ramanattukara village, Kozhikode Taluk, Kozhikode District and situated in Ramanattukara Municipality, with following boundaries:-

East – Space for road (Plot No. 10)
North –
Space for road (Plot No. 10)
South –
Property of  Sakir P
West –
 Property of  Noushad P M and Anyakaivasam

Block 3 (Owned by Sakir P vide Doc No. 4900/2012 of Feroke SRO) - Reserve Price Rs. 21,49,000

All that part and parcel of land admeasuring 5.17 Ares and all other things attached thereto, comprised in R.S.No 486/3, 540/2 of Ramanattukara village, Kozhikode Taluk, Kozhikode District and situated in Ramanattukara Municipality, with following boundaries:-

East – Property of  Karim
North –
Property of  Mujeeb Rahman
South –
Property of  Unni
West –
 Property of Aboobacker

Block 4 (Owned by Abdul Samad K V vide Doc No. 4366/2011, 1744/2012 and 3456/2011 of Feroke SRO) - Reserve Price Rs. 60,38,000

All that part and parcel of land admeasuring 7.35 Ares, together with three partially constructed villas comprising of two floors of total plinth area of 5476 Sq. ft. and all other things attached thereto, comprised in R.S.No 486/3, 540/2 of Ramanattukara village, Kozhikode Taluk, Kozhikode District and situated in Ramanattukara Municipality, with following boundaries:-

East – Property of Ganesan
North –
Anyakaivasam
South –
Property of Abdul Salam
West –
Thodu

Terms & Conditions :

I. GENERAL CONDITIONS
1. The e-sale/auction shall be registered online only.
2. The e- sale/auction could be made for the purchase of the whole unit/industrial concern or for the movable/ immovable assets like Land & Building and machinery or Vehicles etc. separately. If bids are submitted for Machinery alone the same shall be considered subject to the possibility of the Machinery being dismantled and removed without affecting its condition, and it shall be at the risk of the bidder.
3. Inspection of the Properties ie, the Industrial concern notified for e-sale or part thereof shall be allowed at specified time by the authorised officer of the Corporation and the interested parties are free to have the inspection before submitting e-bids.
4. The bids shall be received only till the time specified in the notification/advertisement mentioned and shall be submitted with Bid key provided against the asset ID specified. The bid is opened automatically for e- sale/auction on the bid opening date and time.
5. The Corporation is free to accept or reject any bids without assigning reasons. The Corporation also reserves the right to postpone or cancel the e- sale/auction or bid and to re-tender or re-auction or to negotiate with the tenderors or with anybody interested to purchase the unit or properties involved who offers better terms.
6. Once an e-sale/e-auction is confirmed the tenderer or the party in whose favour the sale is decided shall remit a minimum of 25% (Twenty five percent) of the e-sale value or amount so specified/agreed, upon with the Corporation, within 7 (seven) days of the confirmation or on the date so specified in the auto mail/SMS of confirmation. E M D will be adjusted against this amount. If the successful e-tenderor/e-bidder fails to make the payment as aforesaid and take delivery of the properties involved, the auto mail/SMS of confirmation shall stand revoked automatically and the E M D shall stand forfeited. Similarly if after making the advance as prescribed, the bidder fails to make further payment and get the deal settled, the advance so paid shall stand forfeited. The Corporation will then be free to retender and/or re-auction the industrial concern or part thereof or carry on negotiation at the risk of the e-tenderor and for any loss or damages caused in this account shall be recoverable from the e-tenderor/e-bidder/parties.
7. The balance 75% (Seventy five percent) of the bid amount will be deposited by the party within 30 (thirty) days of the confirmation. The unit/property/ machinery/Vehicle will be handed over only after the execution of the sale deed/sale note in favour of the bidder/e-tenderor or his nominee. In the case of deferred payment with approval of the Corporation in deserving cases the unit will be handed over only on sufficient collateral security and on the security of the industrial site sold.
8. Any outstanding dues on account of Electricity and water supply or other statutory dues, if any, shall be borne by the bidder and the Corporation shall not be responsible for the same.
9. The industrial concern/other assets (movable/immovable) or part thereof e-auctioned/sold by the Corporation will be in "as is where is condition" and the Corporation will not be responsible for any defect or damage caused or bad performance of any or whole of the property/assets/movable/immovable so sold.
10. It shall be the responsibility of the bidder to get the industrial land or building or both re-allotted to the purchaser by the appropriate authority in case of industrial Concern situated in any Industrial Estate, Mini Industrial Estate, Development Area, or Development Plot etc by payment of separate fees/value/usage charge/outright purchase money/lease rent etc as may be fixed by the concerned authority.
11. The sale deed/ sale note as the case may be shall be executed and registered by the Corporation at the expense of the bidder or purchaser.
12. The successful bidder shall have to deduct TDS applicable on the sale value or amount and submit a copy of the original receipt of TDS certificate of Corporation.
13. In the case of vehicles sold, the Corporation has no responsibility in the matter of permit, licence of any penalty imposed under law. The Corporation shall not be responsible for tax arrears if any due on the vehicle and it shall be the responsibility of the bidder to get the vehicle transferred in his name at his expense for which all necessary applications and forms will be signed and given to the purchaser by the Corporation.
14. The Corporation reserves the right to accept or reject the e-bids without assigning any reason whatsoever.

II. SPECIAL CONDITIONS SETFORTH BY THE ADMIN/AUTHORISED OFFICER.

Payment in favour of : Kerala Financial Corporation
DD payable at (or) through RTGS/NEFT/IMPS to the Credit Account to(A/c No: & IFSC Code) : RTGS Details:- Federal Bank SM street Branch, Kozhikode A/c. No. 13890200007309 IFSC FDRL0001389
If DD, it should be sent to (or) email fund transfer details to : Chief Manager, KFC, BO
Last Date and Time to submit the EMD DD : 23-Mar-2021 17:00:00
Auctioner Information
Name of the Auctioner : Kerala Financial Corporation
Name of the BO/ZO/Dept : Kozhikode
Name/Designation of the Contact Person : Abdul Manaf C
Contact Numbers : 9446002780
Email Id : kkd@kfc.org
Address : Chief Manager, Kerala Financial Corporation, B O, Kozhikode - 673001
City : Kozhikode
District : Kozhikode
Pincode : 673001
Statutory Information
Auction Title : Sec. 29 of SFC Act 1956
Demand Notice Date : 17-Aug-2018
Possession Notice Date :
Auction Publication Date :
Auction Published Newspapers Name & Edition :
Auction & Bid Information
Inspection Date : 10-Dec-2020
e-Sale Opened Date & Time : 09-Mar-2021 14:00:00
e-Tender Opening Date & Time : 09-Mar-2021 14:00
e-Tender Closing Date & Time : 24-Mar-2021 14:00:00
e-Bid Opening Date & Time : 24-Mar-2021 14:00:00
e-Bid Closing Date & Time : 26-Mar-2021 17:00:00
e-Sale Closing Date & Time : 26-Mar-2021 17:00:00
EMD Amount (The EMD shall be deposited either by way of DD in favour of KFC or through RTGS/NEFT/IMPS to the credit of A/C No & IFSC specified above on or before the said date) : Rs. 8,50,000.00
(Inwords : Eight Lakhs Fifty Thousand)
Reserve Price : Rs. 1,66,82,000.00
(Inwords : One Crores Sixty Six Lakhs Eigthy Two Thousand)
Minimum Incremental Bid Amount ( MIBA) : Rs. 1,00,000.00
(Inwords : One Lakhs)