Land for auction 4 Edakkattuvayal Villa, Edakkattuvaya, Ernakulam by Canara

This offering features a residential property comprising 4.05 Ares of land with an established residential building boasting a plinth area of 131.92 square meters. Situated in Edakkattuvaya, Ernakulam District, Kerala, within Re. Sy. No. 105/8-6-3 of Block No. 25, this property is located in a developing area with potential for appreciation. The property's boundaries are clearly defined: to the north and west lies property owned by Yohannan, to the south by property owned by Poulose, and to the east by a private pathway and property also owned by Yohannan. Its location in Ernakulam, a vibrant district in Kerala, offers access to local amenities and infrastructure. The property type, 'Land And Building,' suggests a ready-to-occupy structure, presenting a tangible asset for new homeowners or investors looking to enter the Kerala real estate market through a bank auction process.

This SARFAESI auction, presented by Canara Bank and serviced by BAANKNET, offers a unique opportunity to acquire a residential property in Edakkattuvaya, Ernakulam, 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, 5:00 PM. A key requirement for participation is the Earnest Money Deposit (EMD) of INR 266,100.00, which is 10% of the reserve price. The reserve price for this asset has been set at INR 2,661,000.00, indicating a valuable entry point into the local real estate market. For further inquiries or clarifications regarding the auction process or the property itself, interested parties are encouraged to contact the Regional Office of Canara Bank, Ernakulam, at 0484 2747024. This auction represents a transparent and regulated method for acquiring property, making it an attractive option for first-time property buyers.