Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614452
Bank Name:Indian Bank
Branch Name:Zonal Office : Thiruvananthapuram
Reserve Price:₹39,70,000
EMD:₹3,97,000
Bid Increment:₹10,000
Auction Time:11.00 AM to 04.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This is a prime piece of land located in Meenad, Kollam, Kerala, offered for sale by Indian Bank through a SARFAESI auction. The property is designated for residential use and presents an excellent opportunity for investment or development. Situated in a developing area, it offers potential for future appreciation. The land is offered as is, and interested parties are encouraged to conduct their own due diligence.
State:Kerala
City:Kollam
Area:Meenad
Asset Category:Residential
Full Address:Meenad Village, Kollam Taluk, Kollam District, Meenad, Kollam
Size:12.00 Ares
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential land parcel in Meenad, Kollam, Kerala. The auction will commence on November 19, 2025, at 11:00 AM and conclude at 4:00 PM on the same day. The reserve price for this property is ₹39,70,000, with an Earnest Money Deposit (EMD) of ₹3,97,000 required to participate. This is a unique chance to acquire a valuable asset directly from the bank.
Borrower Name:Mr. Vishnu Vikram
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Sujathayamma, Mr. Vikraman Pillai
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The land in Meenad, Kollam offers a decent investment potential due to its location and size. While the reserve price appears reasonable, a thorough local market analysis is recommended. The auction terms are standard, making it a calculated opportunity for interested buyers.
Contact Details
Branch:Branch Office : Zonal Office : Thiruvananthapuram
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
