Land for auction 2 Alangad Villa, Paravur, Ernakulam by Canara bank

Discover a promising residential opportunity located in the vibrant Ernakulam district, specifically within the well-connected Paravur Taluk, Kerala. This property features a substantial land parcel of 2.02 Ares, complemented by a comfortable residential building boasting a plinth area of 759.00 Sq. Ft. Strategically positioned in Sy. No. 28/9 of Alangad Village, the property offers a solid foundation for a comfortable lifestyle or a valuable investment. The location benefits from the established infrastructure and community of Ernakulam, known for its economic growth and accessibility. The property's boundaries, as detailed in the deed, indicate its situated within a developed area, offering potential for future appreciation. This land and building combination is ideal for individuals or families seeking a home in a desirable locale or for investors looking to capitalize on the region's real estate potential. The asset category is residential, making it suitable for immediate occupation or rental purposes.

This auction presents a unique opportunity to acquire a residential property in the sought-after Paravur Taluk of Ernakulam, Kerala. The sale is being conducted by Canara Bank under the SARFAESI Act, offering a chance to purchase directly from the financial institution. The property comprises 2.02 Ares of land along with a residential building covering a plinth area of 759.00 Sq. Ft., situated in Sy. No. 28/9 of Alangad Village. The auction process is straightforward, with bidding commencing on July 31, 2025, at 11:00 AM and concluding at 02:00 PM on the same day. Prospective buyers are required to submit their applications by July 29, 2025, at 05:00 PM. A crucial aspect for new buyers is the Earnest Money Deposit (EMD) of ₹279,900.00, which must be paid to participate. The reserve price for this promising asset is set at ₹2,799,000.00, representing a competitive entry point into the Ernakulam real estate market. For further inquiries, interested parties can contact the Regional Office in Ernakulam at 0484 2447860.