Land for auction 3 Chungara Villa, Nilambur, Malappuram by Canara

Discover a promising residential property situated in Chungara Village, Nilambur Taluk, Malappuram District, Kerala. This offering comprises approximately 11.00 cents of land, enhanced by an existing residential building and other improvements. The property's location is further defined by its boundaries: North by Panchayath Road, South by the property of Umman Varghese, East by Panchayath Road, and West by the property previously sold by Sunny. The property's designation as 'Land And Building' suggests potential for both immediate occupancy and future development, making it an attractive prospect for a diverse range of buyers. Its presence in Nilambur, a region known for its natural beauty and growing infrastructure, offers a unique blend of serene living and accessibility to essential amenities. This is an excellent chance for first-time buyers or seasoned investors to secure a valuable asset in a sought-after location.

This SARFAESI auction, conducted by Canara Bank through service provider BAANKNET, presents a compelling opportunity to acquire a Land and Building asset in the desirable locale of Nilambur, Malappuram, Kerala. The auction is scheduled for July 31, 2025, with bidding commencing at 11:30 AM and concluding at 12:30 PM. A key requirement for participation is the submission of applications by 4:00 PM on July 30, 2025. The reserve price for this property is set at ₹59,00,000, with an Earnest Money Deposit (EMD) of ₹5,90,000, underscoring the bank's commitment to a transparent and secure transaction. For further inquiries or to understand the procedural nuances, prospective buyers are encouraged to reach out via the provided contact number: 9188406941. This event is ideal for individuals seeking to enter the property market through a structured and regulated process.