Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612054
Bank Name:Union Bank of India
Branch Name:ASSET RECOVERY BRANCH, VISAKHAPATNAM
Reserve Price:₹2,60,00,000
EMD:₹26,00,000
Bid Increment:₹3,00,000
Auction Time:12:00 Noon to 5.00 p.m
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
This is a residential flat located in Vijayawada rural, Krishna, Andhra Pradesh. The property is being auctioned by Union Bank of India under SARFAESI Act. It is a great opportunity to acquire a flat in a developing area. The property is suitable for residential use and offers good potential for appreciation.
State:Andhra Pradesh
City:Krishna
Area:Vijayawada rural
Asset Category:Residential
Full Address:Maruthi Society Colony, D.No.59/A-8/5-7/4, R. S.No. 144/3, Municipal Ward No-32E, Old Assessment No-36100/7A/2, New Assessment No-269672, Maruthi Society Colony, Vasavi Nagar, Patamata, Within Municipal limits of Vijayawada, SRO Patamata, Vijayawada, Patamata, Vijayawada
Building/Society:Maruthi Society Colony
Size:311.11 Sq. Yds
Auction Description
Union Bank of India is conducting a SARFAESI auction for a residential flat in Vijayawada rural, Krishna, Andhra Pradesh. The auction will take place on November 28, 2025, from 12:00 PM to 5:00 PM. The reserve price for this auction is ₹2,60,00,000, with an Earnest Money Deposit (EMD) of ₹26,00,000 required to participate. This is a significant opportunity for interested buyers to acquire the property at a competitive price.
Borrower Name:M/s. SAINOR LIFE SCIENCES PVT LTD
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Kalagara Sridevi, Mr. Sura Venkata Srinivasa Rao, Mr. Siva Bala Brahma Reddy Bheemavarapu Kotireddy, Mr. Prabhaka Rao Gutha, Ms. Annyapu Jyothsna, Ms. Hanumanthu Swapna
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent residential space in a well-connected area of Vijayawada. However, the high reserve price and symbolic possession warrant careful consideration. It is a calculated opportunity, depending on the investor's risk appetite and local market dynamics.
Contact Details
Branch:Branch Office : ASSET RECOVERY BRANCH, VISAKHAPATNAM
Service Provider:BAANKNET
Contact Details:
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