Land for auction Balussery Kozhikode 56 lakh State Bank of India

This is a valuable parcel of land located in Balussery, Kozhikode, Kerala. The property is categorized as residential and is being offered for sale by the State Bank of India through a SARFAESI auction. The land presents an excellent opportunity for development or investment in a growing region. Its prime location in Kozhikode offers accessibility and potential for future appreciation. This is a direct sale from the bank, providing a clear title for the prospective buyer.

State Bank of India is conducting a SARFAESI auction for a prime parcel of residential land in Balussery, Kozhikode, Kerala. The auction will commence on November 28, 2025, at 11:00 AM and conclude at 01:00 PM on the same day. The reserve price for this asset is ₹56,00,000, with an Earnest Money Deposit (EMD) of ₹5,60,000 required to participate. This is a significant opportunity to acquire land in a desirable location directly from the bank. Interested parties should review all auction terms and conditions prior to bidding.

This land in Balussery presents a calculated opportunity due to its location and size. While the reserve price is moderate, the land's potential for development and the clear encumbrance status make it worth considering. Investors should carefully assess the local market and future development prospects before bidding.