Land for auction 8 South: Redaimed Nilam, Chavalkkad, Thrissur by Canara Bank

This compelling residential offering features a substantial land parcel of 8.66 Ares (approximately 21.42 cents) complete with an existing residential building, strategically located in Sy. No. 212/1 of Iringappuram Village within the desirable Chavakkad Taluk, Thrissur District, Kerala. As an ideal acquisition for new property buyers, this 'Land And Building' asset promises both immediate living comfort and significant long-term appreciation potential within the vibrant Thrissur region. The property's boundaries are clearly defined, bordered by Reclaimed Nilam to the East and South, the property of Abdulla and a public way to the North, and a Road along with a 'kudiyirippu' (homestead) to the West, ensuring clear demarcation. This prime location in Chavakkad Taluk offers excellent connectivity and access to local amenities, making it a highly attractive prospect for families or investors seeking a valuable addition to their portfolio in a rapidly developing area.

For new property buyers, this SARFAESI auction presents a transparent opportunity to acquire real estate directly from Canara Bank. The auction for this Land and Building property in Thrissur is scheduled for February 20, 2025, commencing at 11:00 AM and concluding at 12:00 PM. A critical aspect for participation is the Reserve Price set at INR 5,500,000.00, along with an Earnest Money Deposit (EMD) of INR 550,000.00, which is mandatory for eligible bidders. Potential participants must ensure their application and EMD submission are completed by February 19, 2025, 05:00 PM. The auction is facilitated by BAANKNET, a reputable service provider. For any queries or assistance regarding the process, prospective buyers are encouraged to contact Canara Bank, Guruvayur Branch at 0487 2556580 or 8281991428. Comprehensive due diligence on both the property and the auction terms is highly recommended before participation.