Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610762
Bank Name:Indian Overseas Bank
Branch Name:XAVIER NAGAR BRANCH , ELURU
Reserve Price:₹16,34,000
EMD:₹1,63,400
Bid Increment:₹25,000
Auction Time:12:00 Noon to 02.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
Discover a residential flat in Eluru, Andhra Pradesh, offered by Indian Overseas Bank. This property, associated with borrower Mr Kalipatnapu Sai Akhil, presents a valuable opportunity in a sought-after location. Ideal for individuals or families looking to establish roots in Eluru, this flat is part of a SARFAESI auction.
State:Andhra Pradesh
City:Eluru
Area:eluru
Asset Category:Residential
Full Address:106, RK Enclave, Flat No 106, RK Enclave, 7th Road, Shanthi Nagar, Eluru-534 007 Eluru District, Andhra Pradesh, Shanthi Nagar, Eluru
Building/Society:RK Enclave
Size:1000 Sq Ft
Auction Description
Indian Overseas Bank presents a SARFAESI auction for a residential flat in Eluru, Andhra Pradesh. The auction commences on November 19, 2025, at 12:00 PM and concludes at 02:00 PM on the same day. The reserve price for this property is INR 16,34,000, with an Earnest Money Deposit (EMD) of INR 1,63,400 required to participate. Seize this chance to acquire a property through a transparent bank auction process.
Borrower Name:Mr Kalipatnapu Sai Akhil
Auction Type:SARFAESI Auction
Guarantor Names:Mrs Kalipatnapu Pavani Padma Rajasree
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The flat in Eluru presents a calculated opportunity, given its location and reasonable reserve price. While not a prime investment, the auction terms and the potential for appreciation make it a worthwhile consideration. Further due diligence and local market assessment are advisable before bidding.
Contact Details
Branch:Branch Office : XAVIER NAGAR BRANCH , ELURU
Service Provider:BAANKNET
Contact Details:
Contact no:08812-231009/251009
