Property for Auction in Vaikom, Kottayam, Kerala
Auction ID:538563
Bank Name:Canara Bank
Branch Name:ARM Branch - Ernakulam
Reserve Price:₹31,00,000
EMD:₹3,10,000
Service Provider:BAANKNET
Submission Date:30-07-2025 05:00 PM
Bid Start Date:31-07-2025 10:30 AM
Explore a prime land opportunity in the scenic locale of Vaikom, Kottayam, Kerala, offered through a Canara Bank auction. This asset comprises 14.40 Ares of land situated in Sy.No.253/10/02 and 253/14 of Thalayazham village. The property is a valuable residential plot, featuring a residential building and all associated improvements. Its strategic location is further defined by its boundaries: to the north, it is bordered by the Panchayath Road and properties belonging to the Chuvadasseril and Kavillthara families; to the south, by property of Thundaparambil; to the east, by properties of Sugathan, Kuttappan, and the Chuvadasseril family; and to the west, by properties of Puthiyathara and Kavillthara. This land parcel presents a compelling prospect for development or as a personal residence in a well-established area of Kottayam, offering potential for future appreciation.
State:Kerala
City:Kottayam
Area:Vaikom
Asset Category:Residential
This is a SARFAESI auction opportunity presented by Canara Bank for a valuable parcel of land located in Vaikom, Kottayam, Kerala. The auction is scheduled to take place on July 31, 2025, with bidding open from 10:30 AM to 11:30 AM. Prospective buyers are required to submit their applications by July 30, 2025, 05:00 PM. A crucial aspect for interested parties is the Earnest Money Deposit (EMD) of INR 310,000, which is 10% of the reserve price of INR 3,100,000. This implies a significant investment opportunity with a clearly defined entry point. For any queries or further information regarding the auction process or property details, interested buyers can contact the ARM Branch - Ernakulam at 0484-2353072 or 0484-2353071. It is advisable for new buyers to conduct thorough due diligence on the property and understand the terms and conditions of SARFAESI auctions before participating.
Borrower Name:Mr.A K Balan
Auction Type:SARFAESI Auction
Contact Ph. No. 0484-2353072/2353071