Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611497
Bank Name:IDBI Bank
Branch Name:Regional Office
Reserve Price:₹52,00,000
EMD:₹5,20,000
Auction Time:12:00 noon
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-02
Bid Start Date:2025-12-03
Property Description
This is a SARFAESI auction for a residential land and building located in Nedumpana, Kollam, Kerala. The property is associated with borrower Shri. Anu Babu. It offers a prime opportunity to acquire real estate in a well-known area. Ideal for residential development or personal use.
State:Kerala
City:Kollam
Area:Nedumpana
Asset Category:Residential
Full Address:Re-survey Block No: 19, Re-survey No: 122/16, (Old Survey no 425) and Patta No 8236 of Nedumpara Village, Kollam Taluk, Kollam District, Nedumpana, Kollam
Size:8 Ares
Auction Description
IDBI Bank is conducting an online SARFAESI auction for a land and building property in Nedumpana, Kollam, Kerala. The auction will take place on December 3, 2025, with bidding open from 12:00 PM to 01:00 PM. The reserve price is set at INR 52,00,000, with an EMD of INR 5,20,000. This is a significant opportunity for potential buyers to acquire a valuable asset.
Borrower Name:Shri. Anu Babu
Auction Type:SARFAESI Auction
Guarantor Names:Smt. Liba Babu, Smt. Omana Babu
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property represents a reasonable opportunity due to its residential land and building nature in the Kollam area. However, potential investors should carefully consider the location-specific market dynamics and evaluate the auction terms before bidding. The reserve price and EMD also dictate a moderate risk profile, requiring diligent due diligence.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:Public Auction
Contact Details:
Authorised Officer
Contact no: —
