Land for auction 4 Mukkam, Kozhikode by Canara

Prospective property buyers seeking a valuable investment opportunity in Kerala should take note of this substantial land parcel offered by Canara Bank. Located in Mukkam, a promising area within the Kozhikode District, this property spans an impressive 97.72 cents (approximately 0.9772 acres), presenting significant potential for various residential developments. Classified as a residential asset, it is ideally suited for building a dream home, developing multiple housing units, or undertaking a larger residential project, subject to local regulations. The strategic location within Kumaranallur Village, with defined boundaries including a 'Thodu' (canal) to the North and proximity to a hospital to the South, suggests a blend of natural tranquility and accessibility to essential services. This sizeable land in a developing district like Kozhikode offers a unique chance for astute investors or homeowners to secure a prime asset with considerable appreciation potential, making it a compelling addition to any real estate portfolio.

This exclusive land parcel is being offered through a SARFAESI e-auction conducted by Canara Bank, a transparent and regulated method for banks to recover non-performing assets, often presenting market-competitive pricing. New bidders must be fully aware of the critical dates and financial requirements. The e-auction commences on July 23, 2025, at 11:30 AM and concludes precisely an hour later at 12:30 PM. A mandatory Earnest Money Deposit (EMD) of INR 880,000.00, representing 10% of the Reserve Price of INR 8,800,000.00, must be submitted by the application deadline of July 22, 2025, 04:00 PM. The auction will be facilitated by the service provider BAANKNET. For detailed terms, property inspection, and to clarify any queries, prospective bidders are strongly advised to contact the Authorized Officer at Canara Bank's ARM Branch, Kozhikode, via email at [email protected] or phone at +91 88406941, well in advance to ensure a seamless bidding process and informed participation.