Land for auction G4 VB Gardens Block II, Vazhakkala, Ernakulam by Canara

This offering features a unique opportunity to acquire a 0.6451% undivided share in a substantial 40.36 Are plot of land located in Vazhakkala, Ernakulam, Kerala. The land is situated in Re. Sy. No. 17/2, Block No. 9, within the Kanayannur Taluk, Ernakulam District. The property boasts clear boundaries, with a municipal road and property in Sy. No. 31/1B to the north, property in Sy. No. 31/1A to the south, property in Sy. No. 31/1B to the east, and a canal to the west. More specifically, the auction includes Residential Apartment No. G4 on the 7th Floor of the "VB Gardens Block II" apartment complex, offering modern living within a well-established development. The strategic location in Vazhakkala, Ernakulam, provides excellent connectivity and access to essential amenities, making it an attractive prospect for individuals seeking to invest in Kerala's burgeoning real estate market. This property represents a chance to own a stake in a desirable urban location with potential for future appreciation.

This auction presents a significant opportunity for prospective buyers to acquire a residential property through Canara Bank under the SARFAESI Act. The bidding process will commence on July 31, 2025, at 11:00 AM and conclude at 2:00 PM on the same day. To participate, interested parties must ensure their applications are submitted by July 29, 2025, by 5:00 PM. A crucial step in the process is the Earnest Money Deposit (EMD) of INR 267,700.00, which must be paid to secure a bidding position. The reserve price for this auction is set at INR 2,677,000.00, establishing a clear starting point for competitive bidding. For any inquiries or further clarification regarding the auction procedures or property details, prospective buyers are encouraged to contact the Canara Bank Regional Office in Ernakulam directly at 0484 2338122. Understanding these timelines and financial requirements is vital for a smooth participation experience.