Land for auction 2007 P with a residential Manakodi Thrissur by Canara

Nestled in the developing locale of Manakodi, Thrissur, this property represents a significant opportunity for first-time homebuyers or investors seeking value. The asset comprises approximately 4.05 Ares (roughly 4359 sq ft) of land, improved with a residential building, offering a blend of land and structure. Its boundaries are clearly defined, with adjacent properties belonging to Kuttiyil Dharman and a Panchayath Road to the west, ensuring accessibility. Situated in Thrissur District, a region known for its cultural heritage and growing economic activity in Kerala, this property benefits from its strategic location. While the exact condition of the residential building is not detailed, such bank auctions often present properties below market value, allowing for renovation and customization to buyer preferences. This land and building parcel, with its defined boundaries and rural setting, holds considerable potential for a comfortable family home or a rental investment, especially considering its reserve price of ₹12,50,000.

This SARFAESI auction presents a unique opportunity to acquire a residential property located in Manakodi, Thrissur, Kerala, offered by Canara Bank. The auction process is straightforward: interested buyers must submit their application by 5:00 PM on July 30, 2025, to participate in the bidding. The auction itself will take place on July 31, 2025, with bidding commencing at 10:30 AM and concluding at 11:30 AM. A crucial requirement for participation is the Earnest Money Deposit (EMD) of ₹1,25,000, which is 10% of the reserve price of ₹12,50,000. This EMD ensures serious buyers are engaged in the process. For any queries or further clarification regarding the auction or the property, prospective buyers can contact the bank directly at 0484-2353072 or 2353071. It is advisable for new buyers to thoroughly review all terms and conditions provided by the bank and the service provider, BAANKNET, before submitting their bids.