Land for auction 5 Karakulam Villa, Nedumangad, Trivandrum by Canara

This offering is an exceptional chance for new property buyers to enter the bank auction market with a substantial land parcel. The property comprises 8.60 Ares, equivalent to 21 Cents, located in Karakulam Village, Nedumangad Taluk, Trivandrum District, Kerala. The land is part of Block No. 34, Re-Survey No. 451/5 (Old Survey No. 3340/5-2), and holds Thandaper No. 28990. The boundaries are clearly defined, with the property bordered to the North by Nadavarambu, and to the South, East, and West by properties owned by Somasekharan Nair and Radhakrishnan Nair respectively. As a residential asset, this land parcel holds considerable potential for development, whether for individual housing projects or larger residential ventures, capitalizing on its strategic location in the growing region of Trivandrum. Careful consideration of the boundaries and the title deed details will be crucial for prospective buyers.

This SARFAESI auction presents a unique opportunity to acquire approximately 8.60 Ares (21 Cents) of prime land situated in Karakulam Village, Nedumangad Taluk, within the vibrant Trivandrum District of Kerala. The property, identified by Thandaper No. 28990, offers significant potential for residential development, aligning with the asset's category. Its location in Nedumangad, a rapidly developing area of Trivandrum, provides excellent connectivity and access to essential amenities. The auction is being conducted by Canara Bank, with BAANKNET serving as the service provider. The reserve price is set at ₹1,29,00,000, with an Earnest Money Deposit (EMD) of ₹12,90,000 required to participate. Prospective buyers are encouraged to conduct thorough due diligence regarding the property's legal status and development prospects. For further inquiries, interested parties can contact the branch at 0471-2721220 or 8281991387.