Land for auction 17 Hector of land and a Residential Mananthavady Wayanad by Canara

Discover a promising residential opportunity in Mananthavady, Wayanad, Kerala. This property encompasses approximately 0.0202 hectares of land, complemented by an existing residential building. Situated within Re-survey No. 17, Vemom Desom, Payyampally Amsom, Mananthavady Taluk, the location offers a blend of tranquility and accessibility characteristic of the Wayanad region, known for its natural beauty and growing infrastructure. The property is clearly demarcated by its boundaries: to the East, South, and West, it is bordered by land in the possession of Mrs. Leela Rajan, while the North boundary is shared with land owned by Mrs. Pulachi and Lakshmi. This clearly defined parcel provides a solid foundation for renovation or redevelopment, appealing to individuals seeking a peaceful retreat or an investment in a sought-after tourist destination. The property's designation as a land and building asset suggests a structure ready for evaluation and potential enhancement, making it an attractive prospect for first-time buyers or those looking to expand their real estate portfolio.

This SARFAESI auction, conducted by Canara Bank via service provider BAANKNET, presents a unique opportunity to acquire a residential property in the scenic district of Wayanad, Kerala. The auction for this land and building asset is scheduled to take place on July 31, 2025, with bidding commencing at 12:00 PM and concluding at 12:30 PM on the same day. Prospective buyers are required to submit their applications by 05:00 PM on July 30, 2025. A crucial aspect for new buyers to note is the Earnest Money Deposit (EMD) of ₹160,000, which is 10% of the reserve price of ₹1,600,000. This indicates a competitive starting bid for a property with significant potential. Understanding the SARFAESI act and the auction process is vital; typically, the highest bidder at or above the reserve price wins the auction. Further details regarding the property and the bidding process can be obtained from the provided contact Mr. Kashyap Patel at 6354604884.