Land for auction 4 Mulavana Villa, Mulavana., Kollam by SBI

The property on offer is a substantial parcel of 4.05 Ares (approximately 10.97 cents) of land in Mulavana, Kollam District, Kerala. This residential asset, registered in the name of Smt. Reena P, is strategically located with clear boundaries: to the north lies the property of Smt. Cherupushpam, the south is bordered by a road, the east by Smt. Annamma's property, and the west by Thankachan's land. The existing improvements on the land, including buildings, offer immediate utility or potential for redevelopment. Mulavana's advantageous location within Kollam provides access to essential amenities, educational institutions, and commercial hubs, making it an attractive area for both residential living and investment. The property's legal standing is further cemented by its registration via Sale Deed: 4031/2013. This is a prime opportunity for buyers looking to capitalize on the growing real estate landscape in Kerala, offering a blend of location, potential, and clear title.

This SARFAESI auction presents a compelling opportunity to acquire a land and building property situated in the well-connected Mulavana area of Kollam, Kerala. The auction, facilitated by BAANKNET on behalf of the State Bank of India, is scheduled to commence on July 31st, 2025, with bidding open from 11:00 AM to 4:00 PM. A key aspect for potential buyers is the reserve price of INR 27,00,000, with an Earnest Money Deposit (EMD) of INR 2,70,000 required to participate. Prospective bidders must ensure their applications are submitted by July 30th, 2025, 05:00 PM. For further inquiries regarding the auction process or to obtain additional documentation, interested parties are encouraged to contact the State Bank of India, Thiruvananthapuram branch, at 0471-2318096 or 2317095. This auction is an ideal entry point for individuals seeking to invest in the burgeoning real estate market of Kollam, offering a transparent and structured acquisition pathway.