Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610807
Bank Name:Indian Bank
Branch Name:NAIDUPET BRANCH
Reserve Price:₹2,60,00,000
EMD:₹26,00,000
Bid Increment:₹1,00,000
Auction Time:10:00 AM
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This is a residential flat located in Gudur, Nellore, Andhra Pradesh. The property is being auctioned by Indian Bank under the SARFAESI Act. It presents a valuable opportunity for potential buyers in the Nellore region.
State:Andhra Pradesh
City:Nellore
Area:Gudur
Asset Category:Residential
Full Address:1, 2, 3, 4, 5, 6, 8, 9, 10 (1st Floor), 1, 2, 3, 8, 9 (2nd Floor), 4, 5, 7, 8, 10 (3rd Floor), Vanamthopu Veedhi area, towards west side of D.No. 4-199, Patta No. 159. Sy No.5/2 and 20, Gudur, Nellore
Size:4749.11 Sq. Yds
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential flat in Gudur, Nellore, Andhra Pradesh. The auction will take place on November 19, 2025, from 10:00 AM to 12:00 PM. The reserve price for this auction is 2,60,00,000 INR, with an Earnest Money Deposit (EMD) of 26,00,000 INR. The property is associated with the borrower M/s S Homes.
Borrower Name:M/s S Homes
Auction Type:SARFAESI Auction
Guarantor Names:Soletti Venkata Ramnalah, Soletti Pedda Kondaiah, Soletti Bhagya Lakshmi, K Jaya Prakash, M Srinivasulu, K Nageswara Rao
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL Except Flat No. 1, 2, 3, 4 in 4th Floor Mortgaged to Municipality Sullurpet
Why This Property
The property is a set of mortgaged residential flats located in Gudur, Nellore. While the reserve price seems reasonable, the presence of existing encumbrances (flats mortgaged to the municipality) suggests a Calculated Opportunity that requires careful assessment of legal and financial implications before bidding.
Contact Details
Branch:Branch Office : NAIDUPET BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no: —
