Land for auction 31 Nadama Villa, Nadama., Ernakulam by Canara Bank

Nestled in the developing locale of Nadama, Ernakulam, this property offers a compelling proposition for aspiring homeowners and investors. Spanning approximately 1.07 Ares (around 1150 sq. ft.), the parcel includes a residential building with a plinth area of 695 sq. ft., suggesting a comfortable living space. Situated in Re Sy No.s 31 & 32 of Nadama Village, Kanayannur Taluk, the property benefits from its Ernakulam District location, known for its growing infrastructure and connectivity. The boundaries are clearly defined, bordering George's property to the North, Shylendran's property to the South, a road to the East, and Jayamma Sivan's property to the West, offering a well-situated plot. This land and building combination represents a solid foundation for a personal residence or a potential rental income generator, capitalizing on the region's real estate demand. The property's accessibility and the surrounding neighborhood are crucial factors for its future value appreciation.

This auction presents an excellent opportunity for new buyers to acquire a residential property in Nadama, Ernakulam, through the SARFAESI Act. The auction is being conducted by Canara Bank, with the bidding scheduled to commence on July 31, 2025, from 11:00 AM to 2:00 PM. A key requirement for participation is the submission of applications by July 29, 2025, 5:00 PM. The earnest money deposit (EMD) required to bid is ₹200,000, providing a clear entry point into the auction process. The reserve price for this asset is set at ₹2,000,000, indicating a competitive starting bid. For those unfamiliar with bank auctions, this process allows for direct acquisition of properties, often at attractive price points. Prospective buyers are encouraged to conduct their due diligence, including site visits if possible, to fully understand the property's condition and potential. Further inquiries can be directed to the Regional Office of Canara Bank in Ernakulam at 0484 2777082.