Land And Building for auction Pantheerankavu Village Kozhikode 58 lakh IOB

This auction features a residential land and building property located in Kozhikode, Kerala. The property is offered by Indian Overseas Bank as part of a SARFAESI auction. This is an excellent opportunity to acquire a property in a prime location within Kozhikode city. The asset category is residential, making it suitable for various personal or investment purposes. Full details regarding the specific dimensions, condition, and any existing structures will be available to interested bidders.

Indian Overseas Bank presents a SARFAESI auction for a residential land and building in Kozhikode, Kerala. The auction is scheduled for November 15, 2025, with bidding open from 10:00 AM to 4:00 PM on the same day. The reserve price for this property is ₹57,64,000, and the Earnest Money Deposit (EMD) required is ₹5,76,400. This auction provides a direct opportunity to purchase a property previously owned by M/s Ambadi Appliances. Ensure all documentation and bidding requirements are met prior to the auction date.

The property's location in Kozhikode offers decent potential, but the residential land and building's value needs careful assessment. The reserve price seems reasonable, but due diligence on the property's condition and local market rates is advised before bidding.