Land for auction 8 Cheriyanadu Villa, Chengannur, Alappuzha by Canara

Discover a valuable land parcel situated in Cheriyanadu Village, Chengannur, within the picturesque Alappuzha District of Kerala. This property, measuring 11 Ares and identified by Re Sy No. 127/8 (old Sy No.215/6A), is being auctioned by Canara Bank. The land is described with clear boundaries: East side fronts a road, the South is bordered by property owned by Viswanathana Kamavar, the West by property owned by Varghese, and the North by property owned by Sivan Pillai. The asset is categorized as residential, suggesting its suitability for building a home or a small development project. Chengannur is a well-connected taluk known for its cultural significance and increasing development, offering a blend of serene living and accessibility to urban conveniences. This is an ideal opportunity for individuals and investors looking to secure a foothold in a rapidly appreciating real estate market.

This auction presents a unique opportunity to acquire a prime piece of land located in the thriving Chengannur area of Alappuzha District, Kerala. The property, spanning 11 Ares (approximately 1184 sq ft) in Re Sy No. 127/8 of Cheriyanadu Village, offers significant potential for development. Its strategic location benefits from proximity to essential amenities and a growing community, making it an attractive prospect for both residential and commercial ventures. The auction is being conducted by Canara Bank under the SARFAESI Act, with a reserve price set at ₹93,00,000 and an Earnest Money Deposit (EMD) of ₹9,30,000. This is a transparent process managed by BAANKNET, ensuring a straightforward transaction for interested buyers. We encourage prospective purchasers to conduct thorough due diligence regarding land use, zoning, and any potential encumbrances. This is an excellent chance to invest in a developing region with promising returns.