Land for auction 3 Block 10 at Nedumbassery Villa, Aluva, Ernakulam by Indian Bank

This distinguished property, located in Nedumbassery Village, Aluva Taluk, Ernakulam District, Kerala, offers a substantial land parcel of 3.64 Ares accompanied by an existing building. Situated in the well-connected and rapidly developing region of Aluva, a key area within Ernakulam, this property benefits from excellent accessibility and proximity to essential amenities, educational institutions, and commercial hubs. The residential asset category suggests a potential for comfortable living or a valuable investment opportunity. As a bank auction property, it represents a chance to acquire real estate at a potentially competitive price point, subject to market conditions and bidding activity. The parcel's dimensions and the presence of a structure provide a solid foundation for customization, renovation, or redevelopment, appealing to buyers seeking to establish a presence in a sought-after district of Kerala. Careful consideration of the property's current condition and its future potential is advised.

This upcoming SARFAESI auction presents a unique opportunity to acquire a Land and Building property in the vibrant locality of Aluva, Ernakulam, Kerala, brought to you by Indian Bank. The auction, scheduled for July 23, 2025, will commence at 11:00 AM and conclude at 04:00 PM on the same day. Prospective bidders are required to submit their applications by 05:00 PM on July 23, 2025. A refundable Earnest Money Deposit (EMD) of ₹4,84,000 is mandated, against a reserve price of ₹48,40,000. This auction is facilitated by BAANKNET, a reputable service provider. For further inquiries, interested parties can reach out via the provided contact number: 8291220220. It is crucial for new buyers to understand the SARFAESI auction process, which involves due diligence on the property, verifying all legal aspects, and being prepared to participate actively within the stipulated timeframe. Familiarizing yourself with the terms and conditions is paramount for a successful bid.