Land for auction 3 Mulavana Villa, Mulavana., Kollam by SBI

Nestled in the accessible locality of Mulavana, Kollam, Kerala, this property offers a compelling proposition for new homeowners and investors alike. Spanning 4.05 Ares, the parcel includes existing structures, presenting a foundation for immediate use or future development. The strategic location benefits from proximity to essential amenities and transport links within Kollam district. The property's boundaries are clearly defined, with neighboring properties and a road access providing context and convenience. Being classified as a residential asset, it holds significant potential for personal dwelling or rental income generation. The precise details of the land and its improvements are documented in Sale Deed 4031/2013, registered on 28/10/2013 at the Principal SRO Kundara. This presents a chance to acquire a tangible asset with established registration, offering a clear title subject to the auction's terms and conditions. The State Bank of India is facilitating this sale, underscoring a transparent and regulated transaction process.

This auction presents a unique opportunity to acquire a residential property located in the well-connected area of Mulavana, Kollam, Kerala. The property, identified by Auction ID 536528, is being auctioned by the State Bank of India under the SARFAESI Act. It comprises 4.05 Ares of land with existing improvements and buildings. The property is registered in the name of Smt. Reena P and is bounded by properties belonging to Smt. Cherupushpam to the north, a road to the south, Smt. Annamma to the east, and Thankachan to the west. The reserve price for this auction is ₹27,00,000, with an Earnest Money Deposit (EMD) of ₹2,70,000 required. Interested buyers must submit their applications by 30th July 2025, 05:00 PM. The auction will be conducted on 31st July 2025, commencing at 11:00 AM and concluding at 04:00 PM. For further details and the sale notice, please refer to the provided URLs. This sale is being facilitated by BAANKNET, with contact numbers 0471-2318096 and 2317095 available for inquiries.