Flat & Plot for auction Tanuku Bhimavaram 30 lakh State Bank of India

This auction features a prime residential plot in Bhimavaram, West Godavari district, Andhra Pradesh. The property, owned by Sri Madike Ramesh Kumar, is being auctioned by the State Bank of India under SARFAESI regulations. It presents an excellent opportunity for development or investment in a growing area. The plot is ideally situated within Bhimavaram, offering convenient access to local amenities and infrastructure. Don't miss this chance to acquire a valuable asset in a sought-after location.

State Bank of India is conducting a SARFAESI auction for a residential plot in Bhimavaram, West Godavari, Andhra Pradesh. The auction has a reserve price of ₹29,78,000 and requires an EMD of ₹2,97,800. Bidding opens on November 23, 2025, at 11:00 AM and closes at 04:00 PM on the same day. This is a unique opportunity to purchase a property directly from the bank, offering transparency and a clear title. Interested bidders should review all auction terms and conditions provided by the State Bank of India.

The property offers a combination of residential and land value in a developing area. The reserve price seems reasonable; however, potential investors should thoroughly investigate the property's title and local market conditions before bidding. This property offers a calculated opportunity for those willing to conduct due diligence.