Land for auction 1 of Mannar villa, Chengannur, Alappuzha by Canara

An exciting opportunity awaits discerning buyers with this land auction in Chengannur, a rapidly growing locale within the Alappuzha district of Kerala. The property, identified as Item No 1 and formerly associated with Mr. Vijayan as per Deed No. 545/2008, encompasses a substantial 24.70 Ares of land within Sy No. 562/15-1 of Mannar village. Its strategic location offers convenient access, bordered by a road to the north, ensuring good connectivity. The surrounding properties belonging to Rajeevan, Binu Usman, Shajitha, and Kaleeckal provide context to its placement within the community. As a vacant land parcel classified under the residential asset category, it offers a blank canvas for development, ideal for constructing a dream home, a residential complex, or pursuing other real estate ventures. The proximity to essential amenities and the burgeoning development in Chengannur further enhance its investment appeal. This is a chance to secure a valuable piece of real estate in a promising region of Kerala, with the potential to yield significant returns.

This SARFAESI auction presents an exceptional opportunity to acquire a significant parcel of land located in the serene and developing area of Chengannur, Alappuzha district, Kerala. The property, measuring approximately 24.70 Ares (around 26587 sq ft), is situated in Mannar village and is identified by Survey Number 562/15-1. Its boundaries are clearly defined, with a road to the north, property belonging to Rajeevan to the south, properties of Binu Usman and Shajitha to the east, and property of Kaleeckal to the west. This land parcel, classified under the residential asset category, offers considerable potential for various development projects, whether for personal use or investment. The auction is being conducted by Canara Bank, with BAANKNET serving as the service provider. The starting bid, or reserve price, is set at ₹62,37,000, with an Earnest Money Deposit (EMD) of ₹6,23,700 required to participate. Prospective buyers are advised to conduct thorough due diligence on the property and understand the auction terms and conditions prior to the sale date.