Land for auction 5 Desom and Villa Thamarassery Kozhikode by Canara

Prospective homebuyers and investors are presented with a prime opportunity to acquire a substantial parcel of residential land located in the tranquil yet accessible Thamarassery area of Kozhikode District, Kerala. This meticulously described property spans an impressive 33.41 Ares, equivalent to 82.50 cents, offering ample space for a bespoke residential development or a strategic long-term investment. Situated in Nellipoyil Amsom, Desom, and Village, within the Thamarassery Town Sub-District, the land benefits from its established surroundings, bordered by various private properties, ensuring a defined and manageable plot. Its classification as residential land under a SARFAESI auction provides a unique advantage, often implying a clear title and a streamlined acquisition process. This offering represents an exceptional chance to secure a significant landholding in a desirable region of Kerala, ideal for those envisioning their dream home or a lucrative asset portfolio expansion.

For first-time bank auction participants, this Canara Bank SARFAESI auction offers a structured and transparent pathway to property ownership. The process for this land in Thamarassery commences with the auction on July 23, 2025, from 11:30 AM to 12:30 PM. A crucial step involves submitting your application by July 22, 2025, at 4:00 PM. Prospective bidders must note the Reserve Price of INR 4,700,000.00 and an Earnest Money Deposit (EMD) of INR 470,000.00, which is typically 10% of the Reserve Price and refundable if unsuccessful. The auction is facilitated by BAANKNET, ensuring a professional platform. Thorough due diligence is highly recommended, including a physical inspection of the property and a review of all auction terms. For any clarifications or assistance, interested parties are encouraged to contact the Authorized Officer at Canara Bank's Specialized ARM Branch, Kozhikode, via email at [email protected] or phone at 9188406941.