Land And Building for auction Cheruvannur Kozhikode 35 lakh Indian Bank

Indian Bank presents a SARFAESI auction for a residential land and building in Feroke, Kozhikode, Kerala. This is a prime opportunity to acquire a property in a desirable location. The asset was previously owned by M/s Lifefur Furniture Company. Ideal for residential use or investment, this property offers significant potential. The auction is being conducted by Indian Bank, a reputable financial institution. Don't miss this chance to own a piece of Kozhikode.

An online SARFAESI auction for a residential land and building in Feroke, Kozhikode, Kerala, facilitated by Indian Bank. The auction starts on December 10, 2025, at 11:00 AM and concludes at 5:00 PM on the same day. The reserve price is set at ₹35,00,000, with an Earnest Money Deposit (EMD) of ₹3,50,000 required to participate. This is a legally mandated auction process conducted to recover dues from M/s Lifefur Furniture Company. All interested bidders are advised to review the auction terms and conditions carefully before placing their bids.

The property represents a calculated opportunity due to its location in Feroke, Kozhikode, and the presence of a residential building on the land. The reserve price appears reasonable, but potential buyers should thoroughly investigate the property's condition and market value. Auction terms are standard, offering a balance of risk and reward.