Land for auction 9 Myladumparai Villa, Periyakulam, Theni by Canara

This offering presents a compelling opportunity in the real estate market, featuring a land parcel of 7,600 sq.ft. situated in Periyakulam, Theni District, Tamil Nadu. The property includes an existing residential building and a godown, offering dual-purpose utility for potential buyers. Located within Ponnampadugai Panchayat, the site benefits from its position in a developing region, potentially offering future appreciation. The land is clearly demarcated with specific boundaries: to the east, it is bordered by a house and vacant site owned by Rakkammal; to the south, by land belonging to Pandiyammal; to the west, by vacant land of Lenin; and to the north, by a road. The property is legally identified by Patta No. 2199, within Natham S.No. 1689/3C. It's equipped with a single power supply connection and has rights of way, enhancing its practicality and accessibility. The presence of both residential and non-residential structures makes this a versatile property, suitable for a range of investment strategies, from personal use to commercial ventures.

Prospective buyers, this is an excellent opportunity to acquire a valuable property through a transparent SARFAESI auction conducted by Canara Bank. The auction for this land and building asset, located in the growing area of Periyakulam, Theni District, Tamil Nadu, is scheduled for March 20, 2025, with bidding open from 11:00 AM to 1:00 PM. The property, situated in Myladumparai Village, comprises 7,600 sq.ft of vacant land featuring a residential building and a godown. The reserve price is set at ₹30,03,000, with an Earnest Money Deposit (EMD) of ₹3,00,300 required to participate. This auction is managed by BAANKNET, a reputable service provider, ensuring a streamlined process. For any inquiries, interested parties can reach out to the provided contact number. This is a chance to secure a property with potential for various uses, whether for personal residence, rental income, or commercial storage, making it an attractive investment for first-time buyers looking for competitive pricing and a direct acquisition route.