House for auction 191 meters and structures therein like RCC d Narasaraopet Guntur by C...

The property is a residential house situated in Narasaraopet, a well-established area within the Guntur district of Andhra Pradesh. Spanning an extent of approximately 205.7 square yards (171.98 square meters), this RCC framed structure offers a solid foundation for a home. Its location on Narasaraopet Road within the Ravipadu Gram Panchayat is advantageous, placing it within a community setting. The property's boundaries are clearly defined, with adjacent properties including a bazaar to the east, and neighboring residences to the south and north, indicating a developed locale. As a residential asset, it holds potential for both personal use or as an investment opportunity. New buyers should consider the established nature of the area and the potential for future development or enhancement of the existing structure, making it an attractive prospect for those looking to enter the property market in this region.

This auction presents a compelling opportunity to acquire a residential property located in Narasaraopet, Guntur, Andhra Pradesh, facilitated by City Union Bank. The auction is being conducted under the SARFAESI Act, a process designed to streamline the recovery of defaulted loans by selling secured assets. For prospective buyers, this signifies a chance to purchase property directly from the bank, often at competitive prices. The auction process involves a reserve price, which is the minimum acceptable bid, and an Earnest Money Deposit (EMD) required to participate. Interested parties must submit their applications by a specified deadline, ensuring all necessary documentation is in order. Bidding typically occurs within a defined timeframe, allowing participants to place their offers. It is crucial for new buyers to thoroughly understand the terms and conditions, conduct due diligence on the property, and confirm their financial readiness before participating. The contact details provided should be utilized for any clarifications regarding the auction process or property specifics.