House for auction 2 Vilasa Villa, Ainavil, East Godavari by City Union Bank

This presents a compelling opportunity for prospective homeowners or investors in Ainavil, East Godavari, Andhra Pradesh, with City Union Bank offering a house auction featuring significant vacant site parcels. The property comprises two distinct plots: an extensive 2,734.5052 sq. yds. (approximately 0.56 cents) vacant site in RS. Nos 309/1A, strategically bounded by key landmarks including Sarkarapuntha, Bandi Trimurtulu's property, Geddadi Trimurtulu's land, and Chappidi Seramena Rarmalayam Devastanam Land. Complementing this is an additional 88 sq. yds. out of 242 sq. yds. vacant site in RS. No. 307/1 and 309/1A, boasting excellent accessibility via a 12 ft Panchayati Cement Road. Situated in the tranquil yet accessible Vilasa Village, Ainavil Mandal, this residential asset offers immense potential for custom home construction, substantial landscaping, or future development, presenting a unique chance to establish a presence in a promising East Godavari locale. The size and dual plot nature provide flexibility for various real estate aspirations.

New property buyers keen on exploring secure acquisition channels will find this SARFAESI auction by City Union Bank a streamlined and transparent process. The auction for the Ainavil, East Godavari property is scheduled for February 20, 2025, commencing at 03:00 PM and concluding by 04:00 PM, allowing a focused bidding window. A crucial step involves submitting applications by February 19, 2025, 05:00 PM. The property's attractive Reserve Price is set at INR 3,000,000.00, requiring an Earnest Money Deposit (EMD) of INR 300,000.00, which is typically a refundable deposit demonstrating serious intent to bid. Prospective bidders are strongly encouraged to conduct thorough due diligence and may reach out to the Credit Recovery and Management Department via telephone at 08956-238777 or Cell No. 9355301234 for clarifications, ensuring a well-informed participation in this significant bank auction.