Land for auction Eravipuram Villa, Eravipuram, Kollam by Indian Bank

This compelling residential offering features a land parcel of 1.96 Ares (approximately 2100 square feet), complete with an existing building, strategically located in Eravipuram, a desirable area within Kollam District, Kerala. This substantial plot provides ample space for comfortable family living or presents significant potential for future development. Situated within the vibrant locale of Eravipuram, the property benefits from the established infrastructure and excellent connectivity of Kollam, a prominent and historically rich city in Kerala. Its classification as a residential asset makes it an ideal prospect for first-time homebuyers looking to establish roots or discerning investors seeking a valuable addition to their portfolio. The property's boundaries are clearly defined as per the location map: North bordering a Pathway & Property of Rajan, West bordering the Property of Nabeesa, East bordering the Property of Bismi, and South bordering the Property of Nabeesa, ensuring clarity and ease of access. This well-positioned property presents a unique opportunity to acquire a tangible asset in a desirable area through a bank auction.

Prospective buyers interested in this Indian Bank SARFAESI auction should note the transparent and legally sound process it offers. The reserve price for this attractive land and building is set at INR 1,500,000.00, requiring an Earnest Money Deposit (EMD) of INR 150,000.00 to participate. This EMD amount, essential for bid eligibility, will be adjusted for the successful bidder or refunded to non-successful participants. The e-auction is scheduled for July 23, 2025, commencing promptly at 11:00 AM and concluding at 04:00 PM. Crucially, the deadline for application and EMD submission is July 22, 2025, by 05:00 PM. New buyers are strongly advised to conduct thorough due diligence, including legal and physical verification of the property, prior to bidding. For any inquiries or further clarification regarding the auction process or property details, interested parties may contact the Indian Bank, Mayyanad Branch directly at 0474 2555210 or 9446003829. This is a prime opportunity to acquire property through a structured bank auction.