Land for auction 7 of Mannar villa, Chengannur, Alappuzha by Canara

Prospective buyers are invited to participate in a unique opportunity to acquire a residential property through a Canara Bank SARFAESI auction. The auction features land measuring 9.50 Ares, situated in Mannar village, Chengannur Taluk, Alappuzha District, Kerala. This parcel includes an existing residential building, making it an attractive prospect for those looking to invest in a property with immediate utility or development potential. The land is legally described under Deed No 633/2020 of Mannar SRO, with clear boundaries to the North, South, East, and West, ensuring legal certainty. The property is offered at a reserve price of INR 6,660,000, with an Earnest Money Deposit (EMD) of INR 666,000 required to participate. The auction process is managed by BAANKNET, with detailed information available via their platform. This auction is ideal for first-time property buyers seeking a transparent and structured way to purchase real estate directly from a financial institution.

This SARFAESI auction presents a compelling opportunity to acquire a significant parcel of land in Chengannur, Alappuzha, Kerala. The property, identified as Item No. 2, comprises 9.50 Ares (approximately 1022 sq ft) and includes an existing residential building, offering immediate potential for development or rental income. Located within Mannar village, this land benefits from a strategic position in the Alappuzha district, a region known for its cultural richness and growing economic activity. The property's boundaries are clearly defined, with adjacent properties belonging to Madhavan, Vijayan, Babu, and Kunjukunju, and access via a pathway. This is a prime opportunity for new buyers seeking to enter the real estate market through bank auctions, offering a chance to invest in a property with tangible assets and future value appreciation potential. The auction is being conducted by Canara Bank, a reputable financial institution, ensuring a transparent and regulated process.