Land for auction 109 Edavanna Villa, Edavanna, Malappuram by Canara

This offering features a valuable parcel of land measuring 97.47 cents, strategically located in Edavanna Village, within the Ernad Taluk of Malappuram District, Kerala. The property includes an existing residential building, alongside other improvements, presenting a versatile opportunity for development or personal use. Situated in a region known for its natural beauty and growing economic activity, this land parcel benefits from its accessibility. The boundaries are clearly defined, with neighboring properties to the north and west, and a PWD road to the south, offering convenient access. The current structure provides a foundation for renovation or expansion, making it an attractive prospect for both investors and end-users seeking a substantial real estate asset in a developing area. The property is registered under the name of Mr. Abdul Majeed, and the previous borrower is M/s GSM Exporters LLP.

This SARFAESI auction presents a significant opportunity to acquire a substantial property in Edavanna Village, Malappuram, Kerala. The auction will be conducted by Canara Bank, with the bidding process scheduled to take place on July 31, 2025, between 11:30 AM and 12:30 PM. Prospective buyers are required to submit their applications by July 30, 2025, at 4:00 PM. The reserve price for this asset is INR 2,25,00,000, with an Earnest Money Deposit (EMD) of INR 22,50,000. This property is offered by Canara Bank's Specialized ARM Branch in Kozhikode, facilitated by service provider BAANKNET. Interested parties are strongly advised to thoroughly review all auction documents and conduct their own due diligence regarding the property's legal status, physical condition, and market value before participating. For further inquiries or to obtain the complete sale notice, please refer to the provided URL or contact the given phone number.