Land for auction 5 Kothamangalam villa, Kothamangalam, Ernakulam by IDBI Bank

Discover a significant land parcel spanning 6.51 Ares, equivalent to approximately 16 Cents, situated in the vibrant locality of Kothamangalam within the Ernakulam District of Kerala. This residential property, located in Sy. No 929/1A/3F/3, benefits from a strategic position. It is bordered by properties belonging to Panthapilly to the East and North, Joshi Mathew to the West, and a Municipal Road to the South. The presence of a municipal road ensures excellent accessibility and infrastructure. This land offers considerable potential for development, whether for residential housing or other commercial ventures, making it an attractive prospect for discerning investors and new property buyers looking to establish a presence in a growing region. The land includes all existing structures and erections, adding further value to this promising real estate opportunity.

This upcoming SARFAESI auction presents a compelling opportunity to acquire a prime piece of land in Kothamangalam, Ernakulam, Kerala, offered by IDBI Bank. The auction is scheduled for July 31, 2025, with bidding open from 11:00 AM to 12:00 PM. A crucial step for interested buyers is the application submission, which must be completed by 5:00 PM on July 29, 2025. The reserve price for this valuable asset is set at INR 21,71,000, with an Earnest Money Deposit (EMD) of INR 2,17,100 required to participate. For detailed inquiries and to navigate the bidding process, potential buyers are encouraged to contact Mr. Gunaseelan or Mrs. Sushmita at 8951944383 or 9731967722. Understanding the specific terms and conditions of SARFAESI auctions is essential for a smooth transaction.