Land for auction 6 Mokeri Villa, Bank Land Auction in, Kannur by Kerala Gramin Bank

This exceptional land parcel, offered by Kerala Gramin Bank, presents a unique and compelling opportunity for aspiring homeowners or astute investors in the burgeoning Panoor area of Kannur District, Kerala. Encompassing a generous 6.07 ARES, or approximately 6,533 square feet, this residential plot is strategically located in Re Survey Number: 14/145 of Mokeri Village, Thalassery Taluk. Its prime positioning is significantly enhanced by excellent accessibility, boasting direct frontage on a public road to its North and East, ensuring convenient ingress and egress. The clear boundaries, delineated by a Road and Mud Road to the North, a Road to the East, and properties owned by Yousaf Haji to the South and West, confirm its precise demarcation. This well-defined and accessible land, part of a transparent SARFAESI auction, offers substantial potential for custom construction or future appreciation, making it an attractive prospect for those seeking to establish roots or expand their portfolio in a desirable and accessible location.

Prospective buyers interested in this prime land parcel should note the critical details of this SARFAESI auction conducted by Kerala Gramin Bank, a streamlined process designed for efficient asset recovery. The online bidding for Auction Id: 434524 will commence promptly at 11:00 AM on February 25, 2025, and conclude by 01:00 PM on the very same day. A significant advantage for new buyers is the clear financial framework: the Reserve Price for this asset is set at ₹49,98,600.00. To participate, an Earnest Money Deposit (EMD) of ₹4,99,860.00, which is precisely 10% of the Reserve Price, is required. The absolute deadline for submitting the EMD and your application is February 24, 2025, by 05:00 PM. Interested parties are strongly encouraged to conduct thorough due diligence and contact the bank's Regional Office in Kannur-1 directly via 9400999398 or 9400999968 for any clarifications, ensuring a well-informed participation in this competitive auction process facilitated by bankeauctions.com / C1 India.