Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612149
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹6,85,00,000
EMD:₹68,50,000
Auction Time:04.00 p.m.
Service Provider:Public Auction
Important Dates
Submission Date:21-11-2025 12:00 PM
Bid Start Date:2025-11-21
Property Description
This is a residential flat located in Proddatur, Kadapa, Andhra Pradesh. The property is being auctioned by City Union Bank under the SARFAESI Act. It's an excellent opportunity to acquire a flat in this developing region.
State:Andhra Pradesh
City:Kadapa
Area:Proddatur
Asset Category:Residential
Full Address:Ac. 1.04 1/2 Cents and Ac.0.29 1/2 Cents, S.No.23/1B and S.No.73/1A2 Proddatur Village Fields, Gopavaram Panchayat, Proddatur
Size:1.34 Cents
Auction Description
City Union Bank is conducting a SARFAESI auction for a residential flat in Proddatur, Kadapa, Andhra Pradesh. The auction will take place on November 21, 2025, from 01:00 PM to 02:00 PM. The reserve price for this property is ₹6,85,00,000, with an Earnest Money Deposit (EMD) of ₹68,50,000. This auction presents a chance to own a property through a legal banking process.
Borrower Name:M/s. Sree Shakthi Cold Storage
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Pathakota Venkata Subba Reddy, Mrs. Pathakota Savitramma, Mr. Pathakota Srinivasulu Reddy, Mr. Pathakota Kiran Kumar Reddy
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land located in Proddatur, a developing area, offered at a moderate reserve price. While it presents an opportunity, potential buyers should carefully evaluate the location and auction terms before bidding. The recommendation is a Calculated Opportunity due to the specific location and associated risks.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:08564-255655/9347207117
