Land for auction Elathur Kozhikode 60 lakh Indian Bank

This auction features a parcel of land located in Elathur, Kozhikode, Kerala. The property is categorized as residential land and is being auctioned by Indian Bank under SARFAESI provisions. This presents a unique opportunity to acquire land in a well-known area of Kozhikode. The land is suitable for various development purposes, offering potential for residential construction or investment. Its location in Elathur provides accessibility and proximity to local amenities.

Indian Bank is conducting a SARFAESI auction for a residential land property in Elathur, Kozhikode, Kerala. The auction is scheduled for December 10, 2025, commencing at 11:00 AM and concluding at 05:00 PM on the same day. The reserve price for this land is ₹60,00,000, with an Earnest Money Deposit (EMD) of ₹6,00,000 required to participate. This auction offers a transparent process for prospective buyers interested in acquiring property in Kozhikode. All interested parties are encouraged to review the auction terms and conditions provided by Indian Bank.

The land in Elathur, Kozhikode, offers a potential investment at a reserve price of ₹6000000.0. While the location is decent, the property type is land, and the terms are standard, making it a calculated risk for investors. Further due diligence regarding local market conditions is advised.