Plot for auction Chevayur Villa, Kozhikode, Kozhikode by Canara

This exceptional residential plot, spanning 2.42 ares (approximately 5.98 cents), presents a prime investment or development opportunity in the highly sought-after Chevayur Village, within the vibrant Kozhikode Sub District and District of Kerala. Located in a tranquil yet well-connected area, this plot offers the perfect canvas for constructing a dream home or developing a valuable residential asset. Kozhikode, a city renowned for its rich cultural heritage, robust economic growth, and excellent infrastructure including esteemed educational institutions, advanced healthcare facilities, and thriving commercial hubs, makes this location particularly attractive for family living and professional pursuits. The area's burgeoning residential landscape and strategic accessibility ensure strong potential for significant appreciation, making it an astute acquisition for discerning buyers. New property owners will find this plot ideal for establishing roots in a desirable community while benefiting from future growth prospects in one of Kerala's most dynamic urban centers. This offering represents a unique chance to acquire a valuable asset in a promising locale.

This property is being offered through a SARFAESI Auction conducted by Canara Bank, specifically managed by their ARM Branch. This transparent and secure auction type ensures a streamlined acquisition process for potential buyers. The auction is scheduled to commence on July 23, 2025, at 11:30 AM, concluding promptly at 12:30 PM on the same day. Prospective bidders must submit their applications by July 22, 2025, at 04:00 PM. A Reserve Price of INR 7,600,000.00 has been set, requiring an Earnest Money Deposit (EMD) of INR 760,000.00 to participate. This EMD amount, representing 10% of the Reserve Price, is refundable to non-successful bidders. For comprehensive details regarding the auction process, documentation requirements, and site inspection arrangements, interested parties are strongly advised to contact the designated representative at 9188406941. Participating in a bank auction requires due diligence; buyers should thoroughly review all terms and conditions before bidding.