Land for auction 5 Pazhavangadi Villa, Ranni, Pathanamthitta by SBI

This offering features a valuable landed property with existing improvements situated in the serene Pazhavangadi Village, Ranni Taluk, Pathanamthitta District, Kerala. Spanning 4.75 Ares, the land is associated with Re Sy No: 379/2-1 and was last registered in the name of Sri. Mathew Varughese. The property is bounded by the property of Abu I Koshy to the north, a private road to the south, the Anjukuzhy Mukkalumon Road to the east, and a water stream to the west. As a 'Land And Building' asset categorized as 'Residential', this property holds significant potential for development or personal use. Its location within Pathanamthitta District, a region known for its natural beauty and developing infrastructure, makes it an attractive prospect for those seeking a peaceful yet accessible living environment or an investment in Kerala's real estate market.

This SARFAESI auction, conducted by the State Bank of India through service provider BAANKNET, presents a unique opportunity to acquire a property in the Ranni Taluk of Pathanamthitta District, Kerala. The auction will take place on July 31, 2025, commencing at 11:00 AM and concluding at 04:00 PM. Prospective buyers are required to submit their applications by 05:00 PM on July 30, 2025. The reserve price for this asset is set at INR 3,400,000, with an Earnest Money Deposit (EMD) of INR 340,000. For any queries or further details regarding the auction process or the property itself, interested parties can contact the Stressed Asset Recovery Branch at 0471-2318096 or 2317095. This auction falls under the SARFAESI Act, which allows banks to auction properties to recover defaulted loans, offering a potential avenue for acquiring property at competitive prices.