Plot for auction 8 Chorode Villa, Vadakara, Kozhikode by Canara

This exceptional real estate opportunity presents a substantial plot measuring 14.90 ares (equivalent to 36.80 cents) inclusive of an existing residential building, strategically located in the highly sought-after Vadakara area of Kozhikode, Kerala. Situated within the well-established Nelliayankara Desom, Chorode Amsom, and Chorode Village, this property offers a prime address for prospective homeowners or astute investors. Its generous land size provides ample scope for diverse possibilities, whether it be for personal residential use, potential renovation, or future development, aligning with the vibrant growth of the region. The asset's classification as a residential plot with a building underscores its immediate utility and long-term value, making it an ideal acquisition for those looking to establish roots or expand their portfolio in a desirable Kozhikode locale. This offering combines spaciousness with a strategic position, promising considerable appeal to new entrants in the property market seeking a tangible asset in a thriving community.

Prospective buyers are invited to participate in a significant bank auction facilitated by Canara Bank, specifically a SARFAESI Auction, for the aforementioned property. This transparent public auction process offers a structured approach for new property enthusiasts to acquire assets. The Reserve Price for this valuable property has been set at 1,47,00,000.00 (One Crore Forty-Seven Lakhs Rupees), with a mandatory Earnest Money Deposit (EMD) of 14,70,000.00 required for participation. It is crucial for interested parties to note the key dates: the Application Submission Deadline is July 22, 2025, by 04:00 PM. The e-auction itself will commence on July 23, 2025, at 11:30 AM, concluding sharply at 12:30 PM on the same day. For detailed information regarding the bidding process, documentation, and specific terms, prospective bidders are strongly advised to contact the Canara Bank ARM Branch directly via the provided number: 9188406941, ensuring full preparedness before participation.