Land for auction 2 Punalur Villa, Punalur, Kollam by SBI

This offering features a valuable plot of 4.05 Ares of land, complemented by a residential building, situated in the desirable Punalur area of Kollam District, Kerala. The property is legally described under Re Sy No.402/1/14/7 and was last conveyed via Sale Deed No. 1814/2015. Its boundaries are clearly defined by private roads to the North and East, a property belonging to Sri. Venugopal to the South, and another private road to the West. Located within Punalur, the property benefits from the region's growing infrastructure and accessibility. As a residential asset, it holds significant potential for homeowners seeking a primary residence or for investors looking to capitalize on the Kerala real estate market. The surrounding environment, with its access via private roads, suggests a potentially tranquil setting within the broader Kollam district.

This SARFAESI auction, conducted by the State Bank of India, presents a unique opportunity to acquire a residential property located in Punalur, Kollam District, Kerala. The auction is scheduled to take place on July 31, 2025, with bidding commencing at 11:00 AM and concluding at 4:00 PM. Interested parties must submit their applications by July 30, 2025, at 5:00 PM. The reserve price for this asset is set at ₹45,00,000, with an Earnest Money Deposit (EMD) of ₹4,50,000 required to participate. This process is managed by the Stressed Asset Recovery Branch and facilitated by BAANKNET. For further details and to review the sale notice, please refer to the provided URLs. This is a direct opportunity to engage in the bank auction process, offering a chance to secure property potentially below market value, subject to the auction's outcome. Prospective buyers are encouraged to conduct their due diligence before the auction date.