Land for auction 6 of Padinjare Vemballur villa, Kodugalur, Thrissur by Canara Bank

Explore the potential of this promising residential land offering in Kodugalur, a key area within the vibrant Thrissur district of Kerala. The property spans a substantial 6.39 ares and features an existing residential building, presenting a dual advantage for astute buyers. Situated in Padinjare Vemballur village, the land is conveniently accessible via panchayat roads on both the north and west sides, facilitating ease of transport and connectivity. The boundaries are clearly defined, bordered by the properties of Mr. Prabhakaran Kondiyara and Ms. Chathunni Kondiyara to the north and east, respectively, offering a settled neighbourhood context. This asset represents a strategic acquisition for individuals looking to invest in the growing real estate market of Thrissur, whether for personal use, rental income, or future capital appreciation. The presence of a residential structure on the land further enhances its immediate usability and potential for renovation or redevelopment, making it an attractive proposition for first-time property investors in the auction space.

This presents a valuable opportunity to acquire a significant parcel of land in Kodugalur, Thrissur, Kerala, offered through a SARFAESI auction by Canara Bank. The auction is scheduled to commence on July 31, 2025, with bidding open from 10:30 AM to 11:30 AM. The property comprises a total of 6.39 ares of land, detailed across specific survey numbers within Padinjare Vemballur village. This asset, currently in the name of Mr. Binu S, includes an existing residential building, indicating immediate potential for development or occupancy. The location benefits from convenient access via panchayat roads to the north and west, with neighbouring properties belonging to Mr. Prabhakaran Kondiyara and Ms. Chathunni Kondiyara to the north and east. For those new to bank auctions, it is crucial to understand the process, including the Earnest Money Deposit (EMD) requirement of ₹6,55,000, which is 10% of the reserve price of ₹65,50,000. All necessary documentation and application submissions must be completed by July 30, 2025, 04:00 PM.