Land for auction 16 Kumbalam Villa, Kumbalam, Ernakulam by Canara

This offering features a 1.21 Ares plot of land complemented by a residential building with a substantial plinth area of 1300 Sq. Ft., located in Kumbalam, Ernakulam District, Kerala. Situated within Re. Sy. No. 241/18 in Block No. 16, this property benefits from a prime location in Ernakulam, a vibrant economic hub known for its connectivity and development. The property is bordered by the lands of Ashokan to the north and Shyla Tomy to the east and west, with a private passage to the south, ensuring a defined and accessible plot. As a residential asset category, it holds significant potential for homeowners seeking a base in this developing region or for investors looking to capitalize on Kerala's real estate market. The area's accessibility and proximity to essential amenities make it an attractive prospect for future appreciation and comfortable living.

This SARFAESI auction, facilitated by BAANKNET on behalf of Canara Bank, presents a unique opportunity to acquire a residential property in the well-connected area of Kumbalam, Ernakulam, Kerala. The auction is scheduled to commence on July 31, 2025, from 11:00 AM to 02:00 PM, with the application submission deadline set for July 29, 2025, by 05:00 PM. Prospective buyers are required to submit an Earnest Money Deposit (EMD) of ₹310,000, which is 10% of the reserve price of ₹3,100,000. This is a transparent, regulated process designed to offer properties at competitive market values. Interested parties should familiarize themselves with the SARFAESI Act and the specific auction terms and conditions provided by the bank. For further inquiries, the regional office in Ernakulam can be reached at 0484 2705700. Participating in such auctions can be a rewarding way to invest in property, provided thorough due diligence is conducted.