Land for auction 25 Kadavallur Villa, Kunnamkulam, Thrissur by Canara Bank

Discover a remarkable real estate opportunity in the heart of Thrissur District, Kerala, with this expansive land parcel available through Canara Bank's auction. Spanning an impressive 25.50 ares, equivalent to approximately 63 cents, this property in Kadavallur Village, Kunnamkulam Taluk, includes an existing residential building and other valuable improvements, providing a solid foundation for your future home. Its prime location is further enhanced by direct access to a Panchayath Road on the North, ensuring excellent connectivity and ease of commute. Being situated in Thrissur, a culturally rich and commercially vibrant district, offers residents access to comprehensive amenities, educational institutions, and healthcare facilities. For new property buyers, this substantial acreage presents a versatile canvas, ideal for establishing a spacious family residence, undertaking significant landscaping projects, or even considering future redevelopment, making it a prudent long-term investment in a rapidly appreciating region.

Prospective buyers keen on acquiring this valuable property through a bank auction should note the critical details. This is a SARFAESI Auction conducted by Canara Bank, a standardized and transparent process for NPA recovery. The property is offered at a Reserve Price of INR 13,500,000.00. To participate, a refundable Earnest Money Deposit (EMD) of INR 1,350,000.00 is required, which signifies your serious intent and is adjusted against the bid amount for the successful bidder or refunded otherwise. The online e-auction is scheduled for February 20, 2025, from 11:00 AM to 12:00 PM. All necessary application forms and EMD must be submitted by 05:00 PM on February 19, 2025. It is strongly advised to conduct thorough due diligence, including legal verification and physical inspection of the property, well in advance. For further inquiries or assistance with the process, interested parties can directly contact the Canara Bank Guruvayur Branch at Ph: 8281991428, ensuring a smooth participation in this significant opportunity.