Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612100
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹38,00,000
EMD:₹3,80,000
Auction Time:11:00A.M to 11.20A.M
Service Provider:Auctionbazaar
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
This is a residential flat located in Erragadda, Hyderabad, Telangana. The property is being auctioned by Karnataka Bank as part of a SARFAESI action. It presents a great opportunity for individuals looking to invest in real estate within the vibrant city of Hyderabad.
State:Telangana
City:Hyderabad
Area:Erragadda
Asset Category:Residential
Full Address:221, Lakshmi Complex, Flat No. 221 (Old No. 21), bearing Municipal No. 8-4-315/6/2/A/221, in Second Floor, Block-A, of "Lakshmi Complex", situated at Sanath Nagar, Erragadda, Hyderabad
Building/Society:Lakshmi Complex
Size:623 sq. ft.
Auction Description
Karnataka Bank is conducting a SARFAESI auction for a residential flat in Erragadda, Hyderabad, Telangana. The auction will take place on December 10, 2025, from 11:00 AM to 01:00 PM. The reserve price is INR 38,00,000, with an Earnest Money Deposit (EMD) of INR 3,80,000 required to participate. This is a significant opportunity for potential buyers to acquire property through a bank auction.
Borrower Name:M/s. Shiva Sai Balaji Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Reddisetti Sai Prasad, Mrs. Reddisetti Uma Rani
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a reasonably priced residential unit in Erragadda, a developing locality in Hyderabad. While not a 'Prime Investment' due to the area's ongoing development, the auction terms are favorable, and the property could offer good returns with future appreciation.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Contact no:7286908690
