Land for auction 4 Muriyad Villa, Mukundapuram, Thrissur by Canara Bank

This promising land parcel, offered by Canara Bank through a SARFAESI auction, presents a unique investment opportunity in the tranquil yet developing locale of Mukundapuram, Thrissur District, Kerala. Comprising a total of 1.49 Ares (approximately 3.68 cents), the primary plot consists of 1.41 Ares in Sy No 332/14 and 0.08 Ares in Sy No.332/11 of Muriyad Village. A key advantage is the inclusion of essential access, with specified rights to use an existing way, ensuring convenience and connectivity. Furthermore, the auction encompasses a half right in a 0.58 ares way and an additional 0.07 ares way, solidifying excellent ingress and egress. This makes the property exceptionally well-suited for prospective residential development, aligning with its "Residential" asset category. Its strategic location in Thrissur, a vibrant cultural and economic hub, enhances its appeal, promising significant long-term appreciation for a discerning buyer looking to establish a home or build an asset in a desirable Kerala setting.

Prospective buyers interested in securing this valuable land parcel should be aware of the structured SARFAESI auction process conducted by Canara Bank. The property is available at a competitive Reserve Price of INR 5,50,000.00, requiring an Earnest Money Deposit (EMD) of INR 55,000.00 to participate, which is typically 10% of the reserve price. This auction is scheduled to commence on 20-02-2025 at 11:00 AM and will conclude promptly at 12:00 PM on the same day. All interested parties must ensure their applications and EMD are submitted by 05:00 PM on 19-02-2025. It is highly recommended for new buyers to conduct thorough due diligence, including physical inspection of the property and verification of all legal documents, before the application deadline. For any clarifications or assistance, you may directly contact the Canara Bank, Irinjalakuda Branch at Ph. No. 8281991430, ensuring a smooth and informed participation experience.