Flat for auction Gorantla Guntur 33 lakh State Bank of India

Property for Auction in Gorantla, Guntur, Andhra Pradesh

Recommendation
Calculated OpportunityScore: 6.8
Possession
Physical
Size
1218 Sq.ft
Reserve Price
32,88,000
Reserve Price
32,88,000
EMD Required
3,28,800
Property Specifications
Society/BuildingSuseela Arcades
Size1218 Sq.ft
Unit No.501
FloorFourth Floor
Possession StatusPhysical
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Land And Building
Location IconLocation:
Gorantla, Guntur
Auction Date IconAuction Date:
04-12-2025 11:00 AM

Auction Details

Recommendation:Calculated OpportunityScore: 6.8

Auction ID:610328

Bank Name:State Bank of India

Branch Name:Vijayawada

Reserve Price:32,88,000

EMD:3,28,800

Bid Increment:10,000

Auction Time:11.00 AM to 04.00 PM

Service Provider:BAANKNET

Important Dates

Submission Date:03-12-2025 05:00 PM

Bid Start Date:2025-12-04

Property Description

This offering is a Land and Building asset located in the Gorantla area of Guntur, Andhra Pradesh. The property is part of a SARFAESI auction conducted by the State Bank of India. The borrower is Smt. Balijepalli Malleswari. This is a residential asset, presenting an opportunity for development or use as is.

State:Andhra Pradesh

City:Guntur

Area:Gorantla

Asset Category:Residential

Full Address:501, Suseela Arcades, Flat No.501, Suseela Arcades, Mallikarjunapuram Colony, Inner Ring Road, Gorantla, Gorantla, Guntur

Building/Society:Suseela Arcades

Size:1218 Sq.ft

Auction Description

State Bank of India is holding a SARFAESI auction for a Land and Building property in Gorantla, Guntur, Andhra Pradesh. The auction will commence on December 4, 2025, at 11:00 AM and conclude at 4:00 PM on the same day. The reserve price is set at INR 32,88,000, with an Earnest Money Deposit (EMD) of INR 3,28,800 required to participate. Interested bidders should note the details of this liquidation process.

Borrower Name:Smt. Balijepalli Malleswari

Auction Type:SARFAESI Auction

Guarantor Names:Sri Balijepalli Madhubabu, Sri Satyanarayana (Satyam)

Legal Details

Possession Status:Physical

Encumbrance Details:Not Known to Bank

Why This Property

The property, a flat in Gorantla, Guntur, presents a calculated opportunity given its location and reserve price. While the auction terms are standard, potential investors should carefully assess the property's condition and market value before bidding. A score of 6.8 reflects moderate investment appeal.

Contact Details

Branch:Branch Office : Vijayawada

Service Provider:BAANKNET

Contact Details:

Sri Y. Mukteswara Rao

Contact no:8886640777

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