Land And Building for auction Chithara Village Kollam 14 lakh Punjab National Bank

This auction features a valuable Land and Building property located in Kottarakkara, Kollam, Kerala. The asset is categorized as Residential and is being auctioned by Punjab National Bank under the SARFAESI Act. This is a great opportunity to acquire property in a well-known area. The property is offered with a reserve price of ₹13,92,000.0 and an Earnest Money Deposit (EMD) of ₹1,40,000.0. Please note that the borrower is Mr. Rawoof Abdul Rasheed.

Punjab National Bank is conducting a SARFAESI auction for a Land and Building property in Kottarakkara, Kollam, Kerala. The auction will take place on November 17, 2025, starting at 10:30 AM and concluding at 5:00 PM on the same day. The reserve price is set at ₹13,92,000.0, with an EMD of ₹1,40,000.0 required to participate. This is a unique chance to own a residential asset in Kollam. All interested bidders are advised to review the auction terms and conditions thoroughly before participating.

The property presents a calculated opportunity due to its land and building nature in Kottarakkara, a developing region of Kollam. While the reserve price appears reasonable, potential investors should thoroughly assess the property's condition and location details to determine its long-term value and growth potential. The symbolic possession status requires careful due diligence.