Land for auction 1 Kottuvally Villa, Paravur, Ernakulam by Canara Bank

This property, situated in the sought-after Paravur Taluk of Ernakulam District, Kerala, offers a compelling prospect for new property buyers. It comprises 1.26 Ares of land accompanied by a residential building with a plinth area of 822.00 Sq. Ft. The property is strategically located within Kottuvally Village, with clearly defined boundaries including a 3.00 m wide private way to the north and west, and neighboring properties to the south and east. Being in Ernakulam, a major commercial and cultural hub in Kerala, provides excellent connectivity and access to essential amenities, educational institutions, and healthcare facilities. The asset category is residential, making it ideal for individuals or families looking to establish a home in a developing and promising locale. This is an excellent opportunity to invest in the Kerala real estate market.

This opportunity presents a SARFAESI auction for a residential property located in the vibrant region of Paravur Taluk, Ernakulam, Kerala. The auction is being conducted by Canara Bank and will take place on July 31, 2025, with bidding open between 11:00 AM and 2:00 PM. Prospective buyers are required to submit their applications by July 29, 2025, at 5:00 PM. A key requirement for participation is the Earnest Money Deposit (EMD) of ₹202,700.00, which is 10% of the reserve price of ₹2,027,000.00. For any inquiries or further details regarding the auction process and property specifics, interested parties can contact the Canara Bank Regional Office in Ernakulam at 0484 2447860. This auction provides a chance to acquire a property in a well-established area, and understanding the SARFAESI act is crucial for navigating the acquisition process efficiently.