Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:612658
Bank Name:UCO Bank
Branch Name:Kollam Branch
Reserve Price:₹1,46,25,000
EMD:₹14,62,500
Bid Increment:₹10,000
Auction Time:11:00 AM to 05:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-27
Bid Start Date:2025-11-28
Property Description
This auction features a prime plot of land located in the vibrant city of Kollam, Kerala. Situated within the Kollam area, this residential asset offers a significant opportunity for development or investment. The property is being auctioned by UCO Bank under the SARFAESI Act, presenting a clear title and straightforward transaction process. This is a rare chance to acquire land in a sought-after location.
State:Kerala
City:Kollam
Area:Kollam
Asset Category:Residential
Full Address:Re.Sy.No.24 & 25, Block No. 177, Kollam East Village, Kollam TK & DT, Kollam East Village, Kollam
Size:0.82 Ares
Auction Description
UCO Bank is conducting a SARFAESI auction for a valuable piece of land in Kollam, Kerala. The auction begins on November 28, 2025, at 11:00 AM and concludes at 5:00 PM on the same day. The reserve price is set at ₹1,46,25,000, with an Earnest Money Deposit (EMD) of ₹14,62,500 required. This is an excellent opportunity to bid on a significant land parcel in Kollam, Kerala, previously associated with M/s. Arafa Gold & Diamonds Pvt Ltd.
Borrower Name:M/s. Arafa Gold & Diamonds Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. ABDUL SALAM, Mrs. REMEELA BEEVI, Mr. RIYAZ MON, Mr. RAMEEZ A, Mr. SALAM RAFEEK, Mr. HAMEEDKUNJU K, Mrs. SHAINI A
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This commercial land in Kollam presents a solid investment opportunity, given its location, existing structures, and the bank auction's attractive terms. With a moderate reserve price and identifiable boundaries, it provides a stable foundation for potential commercial development or rental income.
Contact Details
Branch:Branch Office : Kollam Branch
Service Provider:Public Auction
Contact Details:
Chief Manager and Authorized Officer
Contact no: —
