Land for auction 2 Kothamangalam villa, Kothamangalam, Ernakulam by IDBI Bank

This auction features a promising plot of land measuring 5.67 Ares, equivalent to approximately 14 Cents, situated in Kothamangalam, within the Ernakulam district of Kerala. Located in Sy.No 866/8, the property is bordered by private ways on the east and west, properties of Raju Paul on the north, and another private way on the south. This strategically located land offers significant potential for residential development, capitalizing on the growing infrastructure and demand in the Kothamangalam region. As a vacant land parcel, it provides a blank canvas for buyers to envision and construct their ideal residence or make a sound investment. The property is identified as an 'Asset Category: Residential', reinforcing its suitability for housing projects. Its location in Ernakulam district ensures access to essential amenities, educational institutions, healthcare facilities, and transportation networks, making it an attractive proposition for both end-users and investors seeking value in Kerala's real estate market.

This SARFAESI auction, conducted by IDBI Bank, presents a unique opportunity to acquire a parcel of land in the well-connected area of Kothamangalam, Ernakulam. The auction is scheduled for July 31st, 2025, with bidding commencing at 11:00 AM and concluding at 12:00 PM. Interested buyers are required to submit their applications by July 29th, 2025, 05:00 PM. The reserve price for this 5.67 Ares (approximately 14 Cents) plot is set at ₹13,86,000, with an Earnest Money Deposit (EMD) of ₹1,38,600. This land, located in Sy.No 866/8 of Kothamangalam village, offers potential for residential development, benefiting from its accessibility within the Ernakulam district of Kerala. For further inquiries, potential bidders can contact Mr. Gunaseelan or Mrs. Sushmita at 8951944383 or 9731967722. It's crucial for prospective buyers to conduct thorough due diligence regarding property title, encumbrances, and local development plans before participating.