Property for Auction in Gorantla, Guntur, Andhra Pradesh
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
Submission Date:03-12-2025 05:00 PM
Bid Start Date:2025-12-04
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
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)
Possession Status:Physical
Encumbrance Details:Not Known to Bank
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.
Branch:Branch Office : Vijayawada
Service Provider:BAANKNET
Contact Details:
Sri Y. Mukteswara Rao
Contact no:8886640777