Land for auction 400 Chowara Villa, Sreemoolanagaram, Ernakulam by City Union Bank

Situated in the serene locale of Sreemoolanagaram, Ernakulam District, Kerala, this offering comprises a substantial 24.16 Ares (approximately 59.68 cents) of land. The property is identified by Re. Survey No. 240/7 in Block No. 31 (with historical references to Old Survey Nos. 398/2 and 400) within Chowara Village, Aluva Taluk. Its designation as 'Residential' asset category suggests potential for various development avenues, whether for individual housing projects or community-focused constructions. The location in Ernakulam, a vibrant and developing district in Kerala, offers strategic advantages, potentially including proximity to essential amenities and connectivity. This parcel of land provides a blank canvas for discerning buyers looking to capitalize on real estate opportunities in a sought-after region. Careful consideration of local development plans and zoning regulations would be advisable to maximize the inherent potential of this expansive land holding.

This presents a compelling opportunity to acquire a significant parcel of land through a SARFAESI auction conducted by City Union Bank. The auction is scheduled to take place on July 31, 2025, with bidding open between 11:00 AM and 12:00 PM. A key requirement for participation is the submission of applications by 5:00 PM on July 30, 2025, along with the Earnest Money Deposit (EMD) of INR 4,50,000, which is 10% of the reserve price. The reserve price for this land is set at INR 45,00,000. Prospective buyers are encouraged to conduct thorough due diligence on the property and understand all terms and conditions associated with bank auctions. For any queries or further clarification regarding the auction process or the property itself, interested parties can contact the City Union Bank's Credit Recovery and Management Department at 0484-2632383 or 9388290599. This auction represents a chance to invest in a property with potential, guided by established banking procedures.