Land for auction 194 Vellichan-thai Villa, Manavalakurichy, Kanyakumari by Canara

This remarkable residential opportunity, offered by Canara Bank in the serene locality of Manavalakurichy, Kanyakumari, Tamil Nadu, presents a compelling prospect for new property buyers. The offering comprises two distinct parcels, totaling 19.25 cents (10 cents and 9.25 cents respectively), featuring both land and an existing building under D. No. 1-194. Situated within the Vellichanthai/Vellimalai Village Panchayat, this property benefits from a strategic location with clear demarcation by specified boundaries, including direct road access for one of the parcels. The presence of an existing structure on one part alongside an additional land parcel offers significant versatility, ideal for immediate occupancy or future development plans. This asset represents a unique chance to acquire substantial residential real estate in a desirable region, providing a solid foundation for homeownership or investment through a transparent bank auction process. Potential buyers are encouraged to visualize the expansive possibilities this combined property offers within a tranquil setting.

Prospective buyers new to bank auctions should note this significant SARFAESI Auction orchestrated by Canara Bank, presenting a streamlined and transparent acquisition process. The auction is scheduled for July 23, 2025, commencing at 12:00 PM and concluding at 01:00 PM, with the crucial application submission deadline set for July 22, 2025, at 04:00 PM. A Reserve Price of INR 6,480,000.00 has been established, requiring an Earnest Money Deposit (EMD) of INR 648,000.00. This EMD is a prerequisite for participation and is typically refundable to non-successful bidders. For comprehensive guidance on bidding and technical support, potential bidders can contact Canara Bank's Regional Office, Tirunelveli, via Phone No: 04622555083, with BAANKNET serving as the service provider facilitating the online auction. Due diligence, including physical inspection of the property and verification of all documents, is highly recommended to ensure a well-informed decision.