Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614065
Bank Name:ICICI Bank
Branch Name:Branch Office : Vijayawada
Reserve Price:₹59,00,000
EMD:₹5,90,000
Auction Time:10:30 AM to 11:30 AM
Service Provider:matex.net
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-27
Property Description
This is a residential flat located in Kankipadu, Krishna, Andhra Pradesh. The property is being auctioned by ICICI Bank. It is an excellent opportunity for those looking to invest in real estate in a developing area.
State:Andhra Pradesh
City:Krishna
Area:Kankipadu
Asset Category:Residential
Full Address:Door 3-83/1, Assessment No. 856, Penumuluru Village, Krishna
Size:265.48 Sq.yds
Auction Description
ICICI Bank is conducting a SARFAESI auction for a residential flat in Kankipadu, Krishna. The auction will take place on November 27, 2025, between 10:30 AM and 11:30 AM. The reserve price is INR 59,00,000, with an Earnest Money Deposit (EMD) of INR 5,90,000. This auction presents a chance to acquire property under the SARFAESI Act. Interested bidders should review all auction terms and conditions before participating.
Borrower Name:Mr. Krishna Teja Ganugapat
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Swathi Ganugapati
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a flat located in Kankipadu, Krishna, offered at a reserve price of ₹5900000.0. While the location is not a major metropolitan area, the property could present a reasonable investment opportunity for local buyers or those seeking affordable real estate. The terms of the auction appear standard, meriting a 'Calculated Opportunity' assessment.
Contact Details
Branch:Branch Office : Branch Office : Vijayawada
Service Provider:matex.net
Contact Details:
Contact no:8008999536
