Property for Auction in Narasaraopet, Guntur, Andhra Pradesh
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611961
Bank Name:Bank of Baroda
Branch Name:SATTENAPALLI BRANCH
Reserve Price:₹4,01,41,000
EMD:₹40,14,100
Bid Increment:₹1,00,000
Auction Time:02:00 PM to 06:00 PM
Service Provider:BAANKNET
Submission Date:04-12-2025 05:00 PM
Bid Start Date:2025-12-05
This is a bank auction for an industrial property located in Narasaraopet, Guntur, Andhra Pradesh. The property consists of factory land and a building, previously owned by M/s Pravha Chilli Private Limited. This asset is being auctioned under the SARFAESI Act by Bank of Baroda. The property is situated in a key industrial area, offering potential for various manufacturing or warehousing activities. Its location in Narasaraopet, Guntur, provides good connectivity and access to local resources. This is a significant opportunity for investors looking to acquire a substantial industrial asset.
State:Andhra Pradesh
City:Guntur
Area:Narasaraopet
Asset Category:Industrials
Full Address:Rajupalem, D No:54/B-Ac.2.50 Cents, D No: 55/1-Ac. 3.08 Cents, Rajupalem, Narasaraopet
Size:3.55 acres
Bank of Baroda is conducting a SARFAESI auction for a factory land and building in Narasaraopet, Guntur, Andhra Pradesh. The auction will take place on December 5, 2025, starting at 02:00 PM and ending at 06:00 PM. The reserve price for this industrial asset is INR 4,01,41,000, with an Earnest Money Deposit (EMD) of INR 40,14,100 required to participate. This auction presents a prime opportunity to acquire a valuable industrial property. Interested bidders are advised to review all auction terms and conditions provided by the bank.
Borrower Name:M/s Pravha Chilli Private Limited
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Chinthapalli Pradeep Chakravarthy, Mr. Vipin Dhoundiyal, Mrs. Chinthapalli Jayashree, Mr. Chinthapalli Praveen Chakravarthy, Mrs. Chinthapalli Pranuthi, Mrs. Thella Nalini
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
The property's industrial classification and location near a highway suggest potential, but the constructive possession status adds risk. The reserve price requires careful market assessment. Recommendation: Calculated Opportunity.
Branch:Branch Office : SATTENAPALLI BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no:08641-233599