Land for auction 17 Purakkad Villa, Ambalapuzha, Alappuzha by Canara Bank

This offering is a compelling land parcel of 9.20 ares, situated in the desirable Ambalapuzha Taluk of Alappuzha district, Kerala. This property, designated as residential, is legally defined by its survey numbers Re Sy No. 218/17, 218/7, and 218/9 in Purakkad Village. The land's strategic position is further accentuated by its well-defined boundaries: bordering Rehiyanath's property and a road to the west, Shemeem and Rehiyanath's properties to the north, Udayabhanu's property to the east, and Leela's property to the south. This geographical layout offers a promising foundation for various development projects, from constructing a private residence to potential commercial ventures, capitalizing on the area's growing appeal. Alappuzha, known for its backwaters and tranquil environment, provides an attractive setting for lifestyle or investment purposes. The property is offered at a competitive reserve price, making it an accessible entry point for new investors into the real estate auction market. Thorough examination of the property's zoning regulations and potential is advised for prospective buyers.

This SARFAESI auction, conducted by Canara Bank, presents a unique opportunity to acquire a substantial plot of land measuring 9.20 ares in the serene locale of Ambalapuzha, Alappuzha district, Kerala. The property is strategically situated within Purakkad Village, identified by Re Sy No. 218/17, 218/7, and 218/9. Its location benefits from proximity to essential amenities and the distinctive charm of the Alappuzha region. The land is legally described with clear boundaries: to the west lies property belonging to Rehiyanath and a road, to the north are properties of Shemeem and Rehiyanath, to the east is property owned by Udayabhanu, and to the south is property of Leela. This parcel, with a reserve price of INR 55,50,000 and an Earnest Money Deposit (EMD) of INR 5,55,000, offers significant potential for residential development or investment. Aspiring buyers are encouraged to conduct thorough due diligence. The auction is scheduled to commence on July 31, 2025, from 10:30 AM to 11:30 AM, with applications to be submitted by July 30, 2025, 05:00 PM. For further inquiries, please contact the ARM Branch - Ernakulam at 0484-2353072/2353071.