Land for auction 1 Kothamangalam villa, Kothamangalam, Ernakulam by IDBI Bank

This offering features a substantial land parcel of 6.48 Ares, equivalent to approximately 16 Cents, located in Kothamangalam, Ernakulam District, Kerala. The property is situated within the Kothamangalam municipality, a region experiencing notable growth and development. Its advantageous location offers a blend of accessibility and potential, making it an attractive prospect for various development endeavors. The land is clearly demarcated, with boundaries described as being adjacent to properties belonging to Perumpillichira, Kalarickal Anshad, and Raju Pal, and accessible via a private way. This parcel is classified under the residential asset category, suggesting a suitability for housing projects, though its undeveloped nature grants flexibility for diverse investment strategies. The sale, conducted under the SARFAESI Act by IDBI Bank, represents a chance to acquire a valuable asset in a strategic area of Kerala. Buyers are advised to conduct thorough due diligence regarding land use regulations and potential appreciation in this dynamic locality. The clear survey number (Sy.No 866/7) and precise area measurement provide a solid foundation for investment decisions.

This SARFAESI auction presents a compelling opportunity to acquire a significant parcel of land in the thriving locale of Kothamangalam, Ernakulam, Kerala. The property, spanning 6.48 Ares or approximately 16 Cents, is situated in a well-connected area with clear boundaries defined by neighboring properties and a private way. As a land parcel, it offers immense potential for development, whether for residential construction, commercial ventures, or investment purposes, allowing buyers to shape their vision. The property's location within the Kothamangalam municipality in Ernakulam District positions it advantageously within a developing region known for its growing economic activity and connectivity. Prospective buyers are encouraged to thoroughly research local zoning regulations and development potential. The auction process is overseen by Bankeauctionwizard, with IDBI Bank facilitating the sale, providing a structured and transparent platform for acquisition. Interested parties should note the EMD of 166,300.00 and the reserve price of 1,663,000.00, indicating a serious investment opportunity. Further details and participation guidelines can be obtained from the provided contact numbers, ensuring a smooth bidding experience.