Land for auction 4 Kothamangalam villa, Kothamangalam, Ernakulam by IDBI Bank

This offering is a valuable parcel of land located in Kothamangalam, a vibrant municipality within the Ernakulam district of Kerala. The property spans 6.51 Ares, equivalent to approximately 16 Cents, and is identified by survey number 929/1A/3F/3. Its location is highly advantageous, being easily accessible via a Municipal Road on its southern side. The boundaries are clearly defined, with properties belonging to Rajeesh P Thankappan to the east, a Chappel to the west, and Panthappilly to the north, suggesting a well-established neighborhood. As a residential asset, this land presents an excellent canvas for building a dream home or for investment in a growing region. Kothamangalam is known for its connectivity and developing infrastructure, making it an attractive location for property ownership. The asset is being auctioned by IDBI Bank, offering a chance to acquire property directly from the bank at a competitive price. Interested parties should review all available documentation and conduct site visits to fully appreciate the potential of this land.

This SARFAESI auction presents a unique opportunity to acquire a prime plot of land in the rapidly developing Kothamangalam area of Ernakulam district, Kerala. Situated within the Kothamangalam Municipality, this 6.51 Ares (approximately 16 Cents) parcel of land, identified under Sy.No 929/1A/3F/3, offers excellent potential for residential development. The property is strategically located, bordered by the properties of Rajeesh P Thankappan to the east, a Chappel to the west, Panthappilly to the north, and a Municipal Road to the south, ensuring good accessibility and visibility. The reserve price for this asset is set at INR 21,71,000, with an Earnest Money Deposit (EMD) of INR 2,17,100 required to participate. This auction is being conducted by IDBI Bank through their authorized service provider, Bankeauctionwizard. Prospective buyers are encouraged to conduct thorough due diligence to understand the legal and physical aspects of the property before bidding. The auction is scheduled to commence on July 31, 2025, from 11:00 AM to 12:00 PM.