Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613102
Bank Name:ICICI Bank
Branch Name:Regional Office
Reserve Price:₹30,50,000
EMD:₹3,05,000
Auction Time:10:30 AM to 11:30 AM
Service Provider:matex.net
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-26
Property Description
This is a residential flat located in Kurnool, Andhra Pradesh. The property is being auctioned by ICICI Bank under the SARFAESI Act. It is an excellent opportunity for individuals looking to own a home in the Kurnool area. The flat is categorized as residential and is part of a SARFAESI auction.
State:Andhra Pradesh
City:Kurnool
Area:Kurnool
Asset Category:Residential
Full Address:504, V.C.Manchala Residency, Flat No. 504 in sixth floor Door No. 40/802-B-1-504, Nehru Nagar, Kurnool Municipal Corporation, Kurnool, Nehru Nagar, Kurnool
Building/Society:V.C.Manchala Residency
Size:1130 Sq.ft
Auction Description
ICICI Bank is conducting a SARFAESI auction for a residential flat in Kurnool, Andhra Pradesh. The auction will take place on November 26, 2025, from 10:30 AM to 11:30 AM. The reserve price for this property is INR 3,050,000, with an Earnest Money Deposit (EMD) of INR 305,000 required to participate. This is a direct sale conducted by the bank.
Borrower Name:Mr. Sapogu Korunakor
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in a developing area, presented at a reasonable reserve price. While the location offers potential, the investment appeal is moderate, warranting a 'Calculated Opportunity' recommendation. Prospective buyers should assess the property's location and market conditions before bidding.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:matex.net
Contact Details:
Contact no:8008999536/9326713629
