Land for auction 10 Karakulam Villa, Nedumangad, Trivandrum by Canara

Situated in the rapidly developing area of Nedumangad, Trivandrum, Kerala, this property represents a compelling investment for new buyers seeking both residential potential and land value. The offering includes approximately 19 cents of land, a substantial parcel that provides ample space for various development or personal use aspirations. A key feature is the existing two-storied building, offering immediate utility or scope for renovation and modernization to enhance its value. The location benefits from proximity to essential amenities and transportation links within the Trivandrum District. Specifically, the property is located in Karakulam Village, with clear boundaries including a Panchayat Road, adjacent properties, and a byroad, ensuring good accessibility. This combination of a sizable landholding, a built structure, and a strategic location makes it an attractive prospect for astute property investors and end-users alike, promising good returns and a desirable living or commercial environment.

This Canara Bank SARFAESI auction presents a unique opportunity to acquire a significant land and building asset in Nedumangad, Trivandrum, Kerala. The auction, scheduled for July 31, 2025, with bidding commencing at 11:30 AM and concluding at 12:30 PM, requires an Earnest Money Deposit (EMD) of ₹14,90,000 against a reserve price of ₹1,49,00,000. Prospective buyers must submit their applications by July 28, 2025, 5:00 PM. The property comprises approximately 19 cents of land featuring a two-storied building, located in Karakulam Village. Its boundaries are clearly defined: Panchayat Road to the north, property of Meena MJ to the south, a byroad to the east, and property of Radhakrishnen to the west. This is a chance to invest in a property with potential, facilitated by Canara Bank, with BAANKNET serving as the service provider for the auction.