Land And Building for auction Chalavara Palakkad 67 lakh Canara Bank

Discover an exceptional investment opportunity in Ottapalam, Palakkad, Kerala. This SARFAESI auction presents a valuable plot of land with an existing building, categorized as residential. The property is being offered by Canara Bank, providing a secure and transparent transaction process. Located in the vibrant city of Palakkad, this asset presents significant potential for residential development or personal use. Don't miss the chance to acquire this promising real estate in a sought-after location.

Canara Bank is conducting a SARFAESI auction for a land and building property in Ottapalam, Palakkad, Kerala. The auction will take place on November 28, 2025, starting at 10:00 AM and concluding at 11:00 AM. The reserve price for this residential asset is ₹66,60,000, with an Earnest Money Deposit (EMD) of ₹6,66,000 required to participate. This is a unique opportunity to acquire property directly from the bank. Ensure you review all auction terms and conditions before bidding.

The property is a residential building on a good sized plot of land. While the location is not prime, the price point and potential for residential use make it a calculated opportunity for those familiar with the local market. More detailed inspection is needed.