Land And Building for auction Cheruvannur Kozhikode 31 lakh Canara Bank

A valuable plot of land with a building located in Cheruvannur, Kozhikode, Kerala. This residential property offers a promising opportunity for investment or personal use in a well-connected area. The property is being auctioned by Canara Bank under the SARFAESI Act. Ideal for those seeking to acquire real estate in the thriving Kozhikode region.

Canara Bank is conducting a SARFAESI auction for a land and building property in Cheruvannur, Kozhikode, Kerala. The auction starts on November 29, 2025, at 11:30 AM and concludes at 12:30 PM on the same day. The reserve price is ₹31,00,000, with an Earnest Money Deposit (EMD) of ₹3,10,000. This is a significant opportunity to bid on a property formerly associated with M/s. Spadikam Marbles. Ensure all bidding requirements are met before the auction closes.

The property in Cheruvannur presents a calculated opportunity, given its location and land & building type. The reserve price appears reasonable, but potential investors should thoroughly assess the site and legal aspects. Decent area size for the location and price makes it a worthwhile consideration for local investors.