Land for auction Kizhuparamba Malappuram 62 lakh State Bank of India

This offering presents a prime parcel of land situated in the desirable Eranad area of Malappuram, Kerala. As a SARFAESI auction conducted by the State Bank of India, this asset category is classified as Residential. The property offers a significant opportunity for development or investment in a well-connected region. Its location in Malappuram, known for its growing infrastructure and vibrant community, makes it an attractive proposition. The land is being auctioned by the State Bank of India as part of a SARFAESI action, with M/s Ernad Construction Company listed as the borrower.

Seize the opportunity to bid on a valuable plot of land in Eranad, Malappuram, Kerala, through a SARFAESI auction by the State Bank of India. The auction commences on November 28, 2025, at 11:00 AM and concludes at 1:00 PM on the same day. The reserve price for this residential land is set at ₹62,00,000, with an Earnest Money Deposit (EMD) of ₹6,20,000 required to participate. This is a direct opportunity from the State Bank of India to acquire property previously associated with M/s Ernad Construction Company. Ensure all pre-auction formalities are completed prior to the bidding period.

The property is a land parcel in a developing locality of Malappuram, presenting a calculated investment opportunity. The reserve price and EMD seem reasonable, but potential investors should conduct thorough due diligence on local market conditions and future development prospects.