Land for auction 3 Kothamangalam villa, Kothamangalam, Ernakulam by IDBI Bank

The property for auction is a prime plot of land measuring approximately 6.48 Ares (16 Cents) situated in Kothamangalam village, within the Kothamangalam Municipality of Ernakulam District, Kerala. Located in Sy.No 866/7, this land parcel is strategically positioned and described by its boundaries: to the east lie properties of Kannantharayil Sali, to the west are properties of Panthappilli, the north is bordered by properties of Perumpillichira, and to the south is a private way. This location in Ernakulam district offers excellent connectivity and access to local amenities, making it an attractive site for residential development or other investment purposes. As a land asset, it provides a blank canvas for buyers to envision and execute their development plans, capitalizing on the growing real estate potential of the Kothamangalam region.

This SARFAESI auction presents a unique opportunity to acquire a significant parcel of land in Kothamangalam, Ernakulam, Kerala, with a reserve price of ₹1,663,000. The auction is being conducted by IDBI Bank and managed by Bankeauctionwizard, with the bidding scheduled to take place on July 31, 2025, between 11:00 AM and 12:00 PM. A refundable Earnest Money Deposit (EMD) of ₹166,300 is required to participate. Prospective buyers are encouraged to submit their applications by July 29, 2025, 5:00 PM. For any inquiries regarding the auction process or the property itself, interested parties can reach out to Mr. Gunaseelan and Mrs. Sushmita at 8951944383 or 9731967722. This is a prime chance for new investors to enter the Kerala property market through a transparent and regulated bank auction, offering a secure pathway to ownership.