Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614218
Bank Name:Indian Overseas Bank
Branch Name:ARM Branch
Reserve Price:₹2,73,60,000
EMD:₹27,36,000
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
An industrial property located in Kadapa, Andhra Pradesh, consisting of factory land and a building. This asset was previously owned by M/s Vijaya Durga Decorticating Mill. The property is being auctioned by Indian Overseas Bank as part of a SARFAESI action.
State:Andhra Pradesh
City:Kadapa
Area:Kadapa
Asset Category:Industrials
Full Address:Sy.No. 1002/1,1002/2 & 1003 Near Kadapa C.K.Dine Road, C.K.Dine Mandal, C.K.Dinne Village & Panchayath of Y.S.R. District, C.K.Dine, Kadapa
Size:0.89 Ac Cents
Auction Description
Indian Overseas Bank is conducting a SARFAESI auction for an industrial property in Kadapa, Andhra Pradesh. The auction includes factory land and a building, with a reserve price of ₹2,73,60,000. The Earnest Money Deposit (EMD) required is ₹27,36,000. The auction will take place on November 21, 2025, starting at 11:00 AM and concluding at 12:00 PM on the same day.
Borrower Name:M/s Vijaya Durga Decorticating Mill
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Y Sunanda, Mr.Y.Rama Subba Reddy
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a factory land and building in Kadapa, Andhra Pradesh, offered at a reserve price of ₹27,360,000. Given its industrial nature and location, it presents a calculated opportunity for investors familiar with the local market conditions and industrial sector. The relatively high reserve price warrants careful evaluation of potential returns.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no: —
