Land for auction 4 thereon including a Paravur Ernakulam by Canara

This auction features a 4.48 ares (11.07 cents) parcel of land located in Chendamangalam village, Paravur Taluk, Ernakulam District, Kerala. Currently categorized as a residential asset, this property offers potential for immediate construction or future development. The land, part of Re Sy No. 926/2, includes existing improvements, notably a residential building, providing a foundation for renovation or rebuilding. Bordered by a PWD road to the East, property belonging to Sreeram to the North and West, and property belonging to Ratheesh to the South, the land boasts accessible location and defined boundaries. The property's proximity to Paravur Taluk ensures access to local amenities, services, and connectivity within Ernakulam, offering a strategic investment opportunity for those seeking land in a developing area.

This Canara Bank land auction presents a compelling opportunity for prospective buyers looking to invest in property within the Ernakulam district. The auction, identified by ID 438850, is governed by the SARFAESI Act, indicating a structured legal framework. The reserve price for this parcel is set at ₹4,650,000.00, with an earnest money deposit (EMD) of ₹465,000.00 required to participate. Bidding will commence on February 20, 2025, at 11:00 AM and conclude at 12:00 PM on the same day. Prospective bidders must submit their applications by 5:00 PM on February 19, 2025. Baanknet is the service provider facilitating this auction. Interested parties can contact Canara Bank's Kaipamangalam Branch at 8281991431 for further details and clarification on the auction process and property specifications.