Land for auction 2 Neriyamangalam Villa, Kothamangalam, Ernakulam by Canara

Nestled in the tranquil Neriyamangalam village of Kothamangalam, Ernakulam, this property offers a unique chance to own a piece of Kerala's picturesque landscape. The parcel encompasses 2.22 Ares of land, which translates to approximately 2390 square feet, providing ample space for various possibilities. Situated on this land is a residential building with a plinth area of 91.09 square meters, roughly 980 square feet, ready for renovation or redevelopment. The property's boundaries are clearly defined: to the north lies a pathway, to the south is the property of Ameer, the east is bordered by a pathway and a mosque, and to the west by a road, suggesting good accessibility and community proximity. This asset category is residential, making it ideal for individuals or families seeking a home in a well-connected yet peaceful locale. The location in Ernakulam district, a significant economic hub in Kerala, further enhances its potential for both personal residence and investment appreciation.

This SARFAESI auction, conducted by Canara Bank, presents a valuable opportunity to acquire a residential property located in the serene village of Neriyamangalam, Kothamangalam, within the Ernakulam district of Kerala. The auction will commence on July 31, 2025, at 11:00 AM and conclude at 2:00 PM on the same day. Prospective buyers are required to submit their applications by July 29, 2025, at 5:00 PM. A crucial aspect for new investors is understanding the reserve price, set at ₹13,50,000, and the Earnest Money Deposit (EMD) of ₹1,35,000, which serves as a security deposit to participate in the bidding process. This auction offers a transparent and regulated method to purchase property, often at competitive prices. It is advisable for interested parties to thoroughly review all available documentation and conduct due diligence on the property prior to the auction date. For further inquiries, the contact number provided is 0485 2562182.