Land for auction 1 Vadakkekkara Villa, Paravur, Ernakulam by Canara

Prospective homebuyers are presented with a unique opportunity to acquire a compact yet promising residential property located in the desirable Vadakkekkara Village, nestled within the thriving Paravur Taluk of Ernakulam District, Kerala. This offering encompasses 1.27 Ares of land, accompanied by an existing residential building, providing an ideal foundation for a modest family home or a strategic investment in a sought-after region. Ernakulam district is renowned for its robust infrastructure, dynamic economic growth, and excellent connectivity, positioning Paravur as an attractive locale that thoughtfully balances tranquil village life with convenient access to urban amenities. The property's well-defined boundaries within an established neighborhood further enhance its appeal. This represents a compelling chance to secure a valuable asset in a rapidly developing area of Kerala, promising long-term appreciation and the potential for a comfortable, community-oriented lifestyle, perfect for those seeking both stability and growth.

This attractive property is being offered through a transparent SARFAESI auction conducted by Canara Bank, a highly reputable financial institution, with bidding facilitated by the service provider BAANKNET. For new buyers, SARFAESI auctions offer a legally sound and often advantageous avenue for property acquisition, frequently presenting opportunities to secure assets below conventional market valuations. The online auction is scheduled for March 29, 2025, with bidding commencing at 11:00 AM and concluding promptly at 02:00 PM. A competitive reserve price has been established at INR 1,023,000.00, with an Earnest Money Deposit (EMD) of INR 102,300.00 required for participation. All prospective bidders must ensure their applications, along with the EMD, are submitted by March 27, 2025, 05:00 PM. We strongly recommend conducting comprehensive due diligence, including a physical site visit, meticulous verification of all property documents, and obtaining independent legal counsel, to ensure a fully informed bidding strategy. For further inquiries, please contact the Canara Bank Regional Office: Ernakulam at +91 484-2447860.