Land for auction 1 SRO. Boundaries: East:, Mukundapuram, Thrissur by Canara

Discover a compelling investment opportunity in Thrissur with this residential land parcel, strategically located in the desirable Mukundapuram Taluk. Spanning 1.62 Ares (approximately 4 cents) in Survey No. 295/6 of Porathissery Village, this property offers significant potential, featuring an existing residential building. Its prime position is enhanced by clear and well-defined boundaries, notably boasting direct frontage on a Municipal Road to the North, ensuring excellent accessibility and future development prospects. The location within Porathisserry Desom, Mukundapuram, Thrissur District, Kerala, places it within a well-established and growing residential area. This offering is ideal for those looking to build their dream home, renovate the existing structure, or secure a valuable land asset in a region known for its steady appreciation. The parcel's size and current improvements make it a versatile choice for a range of residential plans, promising both immediate utility and long-term value in the vibrant Thrissur real estate market.

For new property buyers, this bank auction presents a structured opportunity to acquire an asset from Canara Bank under the SARFAESI Act, ensuring a clear and legally sound process. The e-auction for this Thrissur property is scheduled for February 20, 2025, commencing at 11:00 AM and concluding at 12:00 PM. Prospective bidders must note the crucial deadline for application submission, which is February 19, 2025, by 05:00 PM. A Reserve Price of Rs. 2,160,000.00 has been set, requiring an Earnest Money Deposit (EMD) of Rs. 216,000.00, which is 10% of the reserve price. This EMD is refundable for unsuccessful bidders. The auction will be facilitated by BAANKNET, a reputable service provider. For comprehensive details, including the official sale notice or for pre-bid due diligence, interested parties are strongly encouraged to contact the Canara Bank, Irinjalakuda Branch at Ph. No. 8281991430, or visit the official auction URL at https://www.eauctionsindia.com/properties/438847.