Land And Building for auction Madappally Village Kottayam 21 lakh CBI

This auction features a valuable Land and Building property located in the prominent area of Changanassery, Kottayam, Kerala. The asset, formerly owned by Mr. Rajesh T. J., is being auctioned by the Central Bank of India under SARFAESI regulations. It represents a significant opportunity for investment or personal use in a well-established region. The property is categorized as residential, offering potential for various development or occupancy scenarios. Detailed inspection and due diligence are recommended for interested parties.

Central Bank of India is conducting a SARFAESI auction for a Land and Building property in Changanassery, Kottayam, Kerala. The auction will take place on November 29, 2025, with bidding open from 10:00 AM to 06:00 PM. The reserve price for this residential asset is set at ₹21,00,000, with an Earnest Money Deposit (EMD) of ₹2,10,000 required to participate. This is a prime opportunity to acquire property through a transparent banking auction process. All interested bidders must ensure they fulfill the pre-auction formalities.

This property in Changanassery presents a calculated opportunity due to its location and the combination of land and building. The reserve price seems reasonable, but potential buyers should conduct thorough due diligence. The 'Not Known to Bank' encumbrance details require further investigation to assess any risks involved.