Land for auction Punalur Kollam 52 lakh Canara Bank

This is a prime piece of land located in Punalur, Kollam, Kerala. As part of a SARFAESI auction conducted by Canara Bank, this residential land offers a great opportunity for development or investment. The property is situated in a well-connected area within Kollam, known for its scenic beauty and growing infrastructure. Ideal for those looking to acquire land in a developing region of Kerala.

Canara Bank is holding a SARFAESI auction for a valuable piece of land in Punalur, Kollam, Kerala. The auction is for the property formerly associated with M/s Ramana Mercantile. The bidding starts with a reserve price of ₹51,51,000 and requires an Earnest Money Deposit (EMD) of ₹5,15,100. The auction will take place online on November 29, 2025, commencing at 11:00 AM and concluding at 02:00 PM. This is a significant opportunity to acquire a residential land asset through a transparent banking auction process.

The property is a land parcel in a rural location, offering potential for agricultural or development purposes. The reserve price seems reasonable, but further due diligence is needed regarding local market conditions and potential encumbrances. It's a calculated opportunity with moderate risk.