Land for Auction Kottayam Wage Kottayam 86.7 Lakh by South Indian Bank 08 Jul 2026
Kottayam Wage, Kottayam
Area: 3.26 Ares
Sy No.7/18/2 & 7/18/3, Re.Sy.No. 7/1, Block No. 61, Kottayam Wage, Kottayam Taluk, Kottayam District, Kerala.
South Indian Bank · REGIONAL OFFICE, KOTTAYAM
Reserve price
₹86,67,000
EMD ₹86,67,000
Auction date
08 Jul 2026, 11:00 AM
Auction notice
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Quick read
- ▸Possession: Physical
- ▸Area: 3.26 Ares
- ▸Locality: Kottayam Wage
- ▸Reserve: ₹86,67,000
- ▸EMD: ₹86,67,000
Auction snapshot
| Possession | Physical |
| Property type | Land · Residential |
| Locality | Kottayam Wage |
| Built-up / plot area | 3.26 Ares |
| Lender | South Indian Bank |
| Branch | REGIONAL OFFICE, KOTTAYAM |
| Unit / flat no. | Sy No.7/18/2 & 7/18/3, Re.Sy.No. 7/1 in Block No. 61 |
| Auction type | SARFAESI Auction |
| Bid increment | ₹10,000 |
| Service provider | bankauctions.in |
About this property
Land bank auction in Kottayam Wage, Kottayam by South Indian Bank — reserve price ₹86,67,000, 3.26 Ares, Physical possession.
Discover a valuable bank auction property: a residential land parcel admeasuring 3.26 Ares with an existing building of approximately 108.50 Sq. Meters plinth area, located in Kottayam Municipality, Kottayam Wage, Kottayam District, Kerala. This prime plot with building, owned by Mr. Ratheesh P. B., is situated under Sy No.7/18/2 & 7/18/3, Re.Sy.No. 7/1 in Block No. 61. The auction by South Indian Bank offers a reserve price of ₹8,667,000.0 with an EMD of ₹866,700.0. Property inspection is available on working days with prior appointment. The e-auction is scheduled for 08.07.2026 from 11:00 AM to 12:00 PM, with the last date for EMD submission on 07.07.2026. Known encumbrances are detailed, and the bank holds physical possession. This Kottayam property for sale presents a strong investment opportunity for residential development or occupation.
GeoSquare note: This property is a strong buy due to its desirable location in Kottayam Municipality, a prominent area in Kerala. The presence of both land (3.26 Ares) and a building (108.50 Sq. Meters) enhances its utility and value for residential purposes. While there is a noted encumbrance, the bank has provided details and holds physical possession, indicating a clear path to ownership post-auction. The reserve price of ₹8,667,000.0 appears competitive for the area and property type, making it an attractive investment opportunity.
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