Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:611452
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹41,30,000
EMD:₹4,13,000
Bid Increment:₹50,000
Auction Time:11:00 am to 3.00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-20
Property Description
This auction features a factory land and building located in Kodur, Kadapa, Andhra Pradesh. The property is being auctioned by the State Bank of India under SARFAESI proceedings. This is an industrial asset, previously owned by M/s. New ASR Pulverisers. The land and building present a unique opportunity for industrial use or investment in the Kadapa region.
State:Andhra Pradesh
City:Kadapa
Area:Kodur
Asset Category:Industrials
Full Address:369, Sy No. 369 situated at Anantharajupet Village, Kodur Mandal, YSR Kadapa District, Andhra Pradesh, Anantharajupet Village, Kadapa
Size:0.40 cents
Auction Description
State Bank of India is conducting an online SARFAESI auction for a factory land and building in Kodur, Kadapa. The auction will commence on November 20, 2025, at 11:00 AM and conclude at 03:00 PM on the same day. The reserve price for this industrial asset is ₹41,30,000, with an Earnest Money Deposit (EMD) of ₹4,13,000 required to participate. This is a prime opportunity to acquire industrial property in Andhra Pradesh.
Borrower Name:M/s. New ASR Pulverisers
Auction Type:SARFAESI Auction
Guarantor Names:Sri A. Subba Reddy, Smt. A. Shankaramma, Sri A. Siva Rayudu, Sri A. Sai Pratap, Smt. C. Lakshmi Kumari
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is an industrial land and building in a developing area. While the reserve price seems reasonable, potential buyers should thoroughly assess the existing plant and machinery and market demand for industrial space in Kadapa before bidding. The symbolic possession adds a layer of complexity to consider.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
T.M. Jayaramudu / S Prathik Yadav
Contact no:9494431902/7981035599
