Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612979
Bank Name:State Bank of India
Branch Name:Stressed Assets Recovery Branch
Reserve Price:₹2,30,00,000
EMD:₹23,00,000
Bid Increment:₹50,000
Auction Time:11:00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 04:00 PM
Bid Start Date:2025-11-26
Property Description
This is a residential flat located in Eluru, West Godavari, Andhra Pradesh. The property is being auctioned by the State Bank of India under SARFAESI provisions. It represents an opportunity to acquire a flat in a key area of Andhra Pradesh.
State:Andhra Pradesh
City:West Godavari
Area:Eluru
Asset Category:Residential
Full Address:24A-3-8, Door No.24A-3-8, Timmarusu Veedhi, Ashok Nagar, Eluru, West Godavari District, Ashok Nagar, Eluru
Size:1054 sq.yards
Auction Description
State Bank of India is conducting an e-auction for a residential flat in Eluru, West Godavari, Andhra Pradesh. This SARFAESI auction has a reserve price of ₹2,30,00,000 and requires an EMD of ₹23,00,000. The auction will take place on November 26, 2025, from 11:00 AM to 4:00 PM. This is a direct opportunity to bid on the property previously owned by Sri Velamati Sarath.
Borrower Name:Sri Velamati Sarath
Auction Type:SARFAESI Auction
Guarantor Names:Sri Velamati Nagendra Bhupathi
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property in Eluru presents a calculated opportunity due to its residential nature and defined location. While the reserve price is relatively high, the auction terms are standard, and further due diligence is recommended to assess the local market and property condition before bidding.
Contact Details
Branch:Branch Office : Stressed Assets Recovery Branch
Service Provider:BAANKNET
Contact Details:
Mr. Y. Srikant
Contact no:8099444378
