Land for auction 4 Punalur Villa, Punalur, Kollam by SBI

Nestled within the vibrant locale of Punalur, Kollam District, Kerala, this auction features a substantial residential property encompassing 4.05 Ares of land accompanied by a well-constructed building. Registered under Sale Deed No. 1814/2015, the property is identified by Re Sy. No. 402/1/14/7 in Punalur Village. Its strategic location is further enhanced by its boundaries: a private road to the north and east, the property of Sri. Venugopal to the south, and a private boundary to the west, suggesting accessibility and potential for future development. This asset category, classified as 'Land And Building', offers prospective buyers the chance to invest in a tangible piece of real estate in a developing region, promising a blend of residential comfort and potential appreciation. The property, previously owned by Sri. Sali Sundaresan and Smt. Devya Sali, represents a significant opportunity for both owner-occupiers and investors seeking to enter the Kerala property market.

This SARFAESI auction, conducted by the State Bank of India, presents a unique opportunity to acquire a residential property located in Punalur, Kollam District, Kerala. The auction for this Land and Building asset is scheduled to commence on July 31, 2025, with bidding open from 11:00 AM to 4:00 PM. A key requirement for participation is the submission of application by July 30, 2025, 05:00 PM. The reserve price for this valuable property is set at ₹45,00,000, with an Earnest Money Deposit (EMD) of ₹4,50,000 required to participate. For any inquiries or further details regarding the bidding process, interested parties are encouraged to contact the State Bank of India's Thiruvananthapuram branch at 0471-2318096 or 2317095. Engaging in bank auctions requires careful due diligence, and understanding the terms and conditions thoroughly is paramount for a successful transaction.