Land for auction 3 Desom and Villa Mukkam Kozhikode by Canara Bank

Prospective property buyers seeking a valuable investment opportunity in Kerala's burgeoning real estate market should consider this prime land parcel offered by Canara Bank. Situated in Mukkam, a promising locality within the vibrant Kozhikode District, this residential-categorized asset spans an expansive 8.57 Ares, equivalent to 21.50 cents. Its strategic location is significantly enhanced by direct frontage onto a PWD Road on its western boundary, ensuring excellent accessibility and connectivity. This feature is a considerable advantage for future development, whether for a private residence or a multi-unit dwelling, offering convenience for residents and facilitating construction logistics. The substantial land area provides ample scope for thoughtful architectural design and landscaping, allowing buyers to craft their dream home or develop a lucrative residential project in a tranquil yet accessible setting. This offering presents a unique chance to acquire a sizable, well-located plot in an area poised for continued appreciation.

For first-time participants in bank auctions, understanding the process is crucial. This specific opportunity involves a SARFAESI auction conducted by Canara Bank, a secure method often providing clear title upon successful acquisition. The property, a valuable land parcel, has a Reserve Price set at INR 8,800,000.00. Interested bidders are required to submit an Earnest Money Deposit (EMD) of INR 880,000.00 to qualify; this is refundable if the bid is unsuccessful. The e-auction is scheduled for July 23, 2025, commencing at 11:30 AM and concluding at 12:30 PM, providing a precise bidding window. Crucially, all applications and EMD submissions must be completed by 4:00 PM on July 22, 2025. Bidding will take place via the service provider BAANKNET. Prospective buyers are strongly advised to contact the Authorized Officer at Canara Bank's ARM Branch in Kozhikode (Ph: 9188406941, Mail: [email protected]) for comprehensive due diligence, property inspection, and to clarify any terms and conditions well in advance of the deadline.