Land for auction 14 Kattanam Villa, Mavelikara, Alappuzha by SBI

The State Bank of India is offering a compelling residential property located in Mavelikara, Alappuzha district, Kerala. This offering encompasses 3.24 Ares of land with an existing residential building, situated in Re Sy No: 105/12-10-1-2, 105/12-6-1, Block No. 14, TIP No: 23324 of Kattanam Village. The property is registered in the name of Sri. Sreenath Balan Pillai and Smt. Lekshmi S, as per Sale Deed No. 1322/2017. It is strategically bounded by the properties of Shaji to the north and south, a road to the east, and the property of Soman Pilla to the west, indicating good accessibility and neighborhood integration. Mavelikara, known for its cultural significance and growing infrastructure, offers a promising environment for residential living and potential appreciation. This land and building parcel represents a solid foundation for a new homeowner or an investor looking to capitalize on the region's development.

This SARFAESI auction, conducted by the State Bank of India, presents a unique opportunity to acquire a residential property in the desirable locale of Mavelikara, Alappuzha, Kerala. The auction commences on July 31, 2025, with bidding open from 11:00 AM to 4:00 PM. Prospective buyers are required to submit their applications by July 30, 2025, at 5:00 PM. The property, featuring land and a building, is set to go under the hammer with a reserve price of INR 30,00,000, and an Earnest Money Deposit (EMD) of INR 3,00,000. This represents a significant entry point for new investors seeking to own a piece of real estate in a well-established area. Further details and participation guidelines can be obtained by contacting the State Bank of India's Thiruvananthapuram branch at 0471-2318096 or 2317095. It is advisable for interested parties to thoroughly review all auction terms and conditions prior to submitting their bid.