Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610648
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹2,00,75,000
EMD:₹20,08,000
Bid Increment:₹50,000
Auction Time:11:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
This auction features a valuable godown property located in Gudivada, Krishna district, Andhra Pradesh. The asset, categorized under Industrials, is being auctioned by Indian Bank under the SARFAESI Act. The property is associated with the borrower M/s. Ravi Fly Ash Bricks. This is a prime opportunity to acquire industrial real estate in a developing region.
State:Andhra Pradesh
City:Krishna
Area:Gudivada
Asset Category:Industrials
Full Address:Lingavaram Village, Gudivada Rural, Krishna District, Lingavaram Village, Gudivada
Size:2468.4 + 1064.8 Sq. Yrds
Auction Description
Indian Bank is conducting a SARFAESI auction for a godown property in Gudivada, Krishna, Andhra Pradesh. The auction will commence on November 19, 2025, at 11:00 AM and conclude at 5:00 PM on the same day. The reserve price for this industrial asset is ₹2,00,75,000, with an Earnest Money Deposit (EMD) of ₹2,08,000 required to participate. Don't miss this chance to bid on a significant industrial property.
Borrower Name:M/s. Ravi Fly Ash Bricks
Auction Type:SARFAESI Auction
Guarantor Names:Sri. Merugumalla Sobhan Babu, Smt. Merugumalla Rajyalakshmi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nill
Why This Property
The property is a godown in a rural area. While the reserve price is relatively high, the potential for industrial use in the region could make it a worthwhile investment. Prospective buyers should carefully evaluate the location and market demand.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no:9795199711
