Residential Land And Building for Auction 30/140 Kandamkunnu Villa Kannur by Canara

This SARFAESI auction, conducted by Canara Bank, offers a compelling chance for new buyers to enter the property market in Kannur, Kerala. The asset is a residential land and building located in Kuthuparamba, specifically in Re-survey no. 30/140. The land measures 0.0410 hectares and includes an existing residential structure. The property is bordered by a Panchayath road to the north and property belonging to Purushothaman to the west, providing good access and context within the neighborhood. The auction is scheduled to commence on July 31, 2025, at 12:00 PM and will conclude at the same time on the same day. Interested parties must submit their applications by July 29, 2025, 05:00 PM. The reserve price is ₹19,71,000, with an EMD of ₹1,97,100. This presents a potentially valuable opportunity for those looking to invest in the Kannur real estate market, emphasizing the need for careful evaluation of the property and auction terms.

This auction presents a unique opportunity to acquire a residential land and building situated in the well-connected Kuthuparamba area of Kannur, Kerala. The property, identified as Re-survey no. 30/140, spans approximately 0.0410 hectares and features a residential building. Its boundaries are clearly defined by a Panchayath road to the north and land owned by Purushothaman to the west, with other portions on the east and south. Located in a region known for its growing infrastructure and community development, this property offers potential for both residential living and future appreciation. For prospective buyers, it is crucial to conduct thorough due diligence, including site visits and legal verification, to fully understand the property's condition and any associated encumbrances before participating in the auction. The reserve price is set at ₹19,71,000, with an Earnest Money Deposit (EMD) of ₹1,97,100 required to bid.