Land for auction 0425 B of Panoor Villa, Bank Land Auction in, Kannur by Kerala Gramin ...

Prospective property buyers are presented with an exceptional opportunity to acquire a valuable piece of residential land situated in the sought-after region of Thalassery, Kannur, Kerala, through an upcoming bank auction. This offering comprises 0.425 hectares of land in Re Survey Number: 35/3B of Panoor Village, an area known for its developing infrastructure and serene environment. Investing in land in Thalassery offers considerable potential, whether for constructing a dream family home or for future appreciation as the region continues its growth trajectory. The property's clear boundaries, as per the title deed and latest valuation report, provide assurance regarding its precise location and dimensions. This prime plot is strategically located, offering accessibility and the promise of a peaceful residential setting. Its significant size provides ample scope for diverse architectural designs and landscaping, making it an ideal canvas for establishing a personalized residential sanctuary in a culturally rich and economically dynamic district.

This land parcel in Thalassery, Kannur, is being offered via a SARFAESI auction conducted by Kerala Gramin Bank, presenting a streamlined acquisition process for new investors. The auction is scheduled for February 25, 2025, from 11:00 AM to 01:00 PM. A competitive reserve price of INR 3,061,800.00 has been set, requiring an Earnest Money Deposit (EMD) of INR 306,180.00. Prospective bidders must submit their applications by February 24, 2025, at 05:00 PM. It is imperative for all interested parties to conduct thorough due diligence on the property and review the official auction terms and conditions. The auction is facilitated by bankeauctions.com / C1 India, ensuring a professional and transparent bidding environment. For any specific queries or further details regarding the auction process or property inspection, interested buyers are encouraged to contact the bank representatives directly via phone at 9400999398 or 9400999968. This is a crucial step for securing a valuable asset through a regulated bank auction.