Residential Land And Building for auction 24/2A Muzhakunnu Villa Kannur by Canara

This offering is a unique chance to own a residential land and building situated in Muzhakunnu Village, Thalassery Taluk, within the vibrant Kannur District of Kerala. Spanning approximately 0.0556 hectares (or about 600 sq ft), the property includes an existing residential structure, presenting a solid foundation for a comfortable home or a strategic investment. Its location is bordered by a road to the east, land owned by Leela and Sthayan to the west, land owned by Sarojini to the north, and land owned by Sthayan and Ratheesh to the south. Being in Thalasseri, a region known for its cultural heritage and growing economic activity, offers residents access to essential amenities, educational institutions, and a pleasant living environment. This property is ideal for individuals or families looking to establish roots in a developing yet established locale.

This SARFAESI auction, conducted by Canara Bank, presents a compelling opportunity to acquire a residential property in the well-regarded Thalasseri area of Kannur, Kerala. The auction is scheduled to commence on July 31, 2025, with the bidding closing on the same day at 12:00 PM. Prospective buyers are required to submit their applications by July 29, 2025, 05:00 PM. The property, a residential land and building, has a reserve price of ₹15,95,000, with an Earnest Money Deposit (EMD) of ₹1,59,500 required to participate. This is an excellent chance for new buyers to enter the property market through a transparent and regulated process, potentially securing a valuable asset at a competitive price. For further inquiries, interested parties can contact the Branch Manager at Peravoor Branch on 9495004221.