Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613139
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹54,64,800
EMD:₹5,46,480
Bid Increment:₹50,000
Auction Time:11.00am to 3.00pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-12
Bid Start Date:2025-12-12
Property Description
This is a residential house located in Narketpally, Nalgonda, Telangana. The property is being auctioned by the State Bank of India under SARFAESI rules. The borrower is Smt. Raghunathpur Meena. This is an opportunity to acquire a house in a well-known area.
State:Telangana
City:Nalgonda
Area:Narketpally
Asset Category:Residential
Full Address:Chervugattu Village, Narketpally Mandal, Nalgonda District, Narketpally, Nalgonda
Size:1012 Sq.yards
Auction Description
State Bank of India is conducting an online SARFAESI auction for a residential house in Narketpally, Nalgonda, Telangana. The auction will take place on December 12, 2025, from 11:00 AM to 03:00 PM. The reserve price for this auction is ₹54,64,800, with an Earnest Money Deposit (EMD) of ₹5,46,480 required to participate. Interested bidders are advised to review all auction terms and conditions before participating.
Borrower Name:Smt. Raghunathpur Meena
Auction Type:SARFAESI Auction
Guarantor Names:Sri D. Venkateswarlu, Sri D. Srinivasulu, Sri Kadire Nagesh, Sri B. Ramakrishna, Sri Raghunathpur Ram Dev Prasad
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property, a house in Narketpally, offers a potential investment opportunity. While the location is not a Tier 1 city, the reserve price and size present a reasonable entry point. However, potential investors should carefully assess the location's market dynamics and growth prospects before committing.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
T.M. Jayaramudu, S. Prathik Yadav
Contact no:9494431902/7981035599
