House for auction 21 Alangad Villa, Paravur, Ernakulam by Canara

This enticing property is located in Alangad Village, Paravur Taluk, within the Ernakulam District of Kerala. The offering comprises 1.23 Ares of land, identified by Sy. No. 194/8-21 and 194/18/17-2, featuring a residential building with associated improvements. The property is well-defined by its boundaries: to the north lies the balance property of Johnson, to the south is the balance property of Sobha, the east is bordered by a private road, and to the west is the property belonging to Mohanan. Being situated in Ernakulam, a prominent district in Kerala, offers potential buyers access to a well-developed area with essential amenities and connectivity. This house represents a promising prospect for new homeowners or investors looking to capitalize on the real estate market in this sought-after region.

This opportunity presents a significant chance to acquire a residential property through a SARFAESI auction conducted by Canara Bank. The auction is scheduled to commence on July 31, 2025, with bidding open from 10:30 AM to 11:30 AM. Prospective buyers are required to submit their applications by July 30, 2025, at 4:00 PM. A crucial initial step for participation is the payment of the Earnest Money Deposit (EMD) amounting to ₹2,35,000, which is 10% of the reserve price. The reserve price for this property has been set at ₹23,50,000. For any inquiries or further clarification regarding the auction process or the property itself, interested parties are encouraged to contact the ARM Branch - Ernakulam at 0484-2353072 or 0484-2353071. Understanding the terms and conditions of SARFAESI auctions is vital for a smooth transaction.