Land for auction 4 Neduvathoor Villa, Kottarakkara, Kollam by SBI

Discover a promising investment opportunity in Kottarakkara, Kollam, Kerala, with this land and building property being auctioned by the State Bank of India. Situated in Neduvathoor Village, the property comprises 4.65 Ares in Re Sy No: 79/11-5, originally registered in the name of Mr. Anilkumar, and an additional 0.81 Ares in Re Sy No. 79/11-6, registered in the names of Mr. Anilkumar and Mrs. Sreelatha P. This residential asset offers a substantial land parcel, providing ample scope for redevelopment or existing structure utilization. The property is conveniently located and bounded by established land parcels and a PWD road, ensuring good accessibility and a clear neighborhood context. Its location within Kottarakkara, a significant area in Kollam district, suggests potential for capital appreciation and development in line with regional growth. This is a well-documented property, making it an attractive proposition for discerning buyers seeking to enter the Kerala real estate market through a transparent auction process.

This SARFAESI auction presents an exceptional opportunity to acquire a valuable piece of property in the prime locale of Kottarakkara, Kollam, Kerala. The auction is being conducted by the State Bank of India, with BAANKNET serving as the service provider. Prospective buyers should note that the auction will commence on July 31, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. To participate, interested parties must submit their applications by 05:00 PM on July 30, 2025. The earnest money deposit (EMD) required is ₹533,700, which is 10% of the reserve price of ₹5,337,000. This is a chance to invest in a property with clear boundaries and a defined history, offering potential for various development or personal use cases within the growing Kollam district. For further inquiries or to clarify any auction-related queries, potential bidders are encouraged to reach out to the State Bank of India, Thiruvananthapuram branch at 0471-2318096 or 2317095.