House for auction Penumuluru Village Krishna 59 lakh ICICI Bank

This is an ICICI Bank supervised SARFAESI auction for a residential house located in Kankipadu, Krishna district, Andhra Pradesh. The property, formerly owned by Mr Krishna Teja Ganugapati, is offered with a reserve price of ₹59,00,000 and an Earnest Money Deposit (EMD) of ₹5,90,000. Situated in the growing Kankipadu area, this house presents a valuable opportunity for homebuyers or investors in the region.

ICICI Bank is conducting a SARFAESI auction for a residential house in Kankipadu, Krishna, Andhra Pradesh. The auction will take place on November 27, 2025, starting at 10:30 AM and concluding at 11:30 AM. The reserve price for this property is ₹59,00,000, with an EMD of ₹5,90,000 required to participate. Interested bidders should ensure they meet all auction requirements and are prepared to bid within the specified one-hour window.

The property offers a decent residential opportunity in Kankipadu with a moderate reserve price. While not a prime location, the price point and possibility of acquiring a house through bank auction makes it a calculated risk worth considering for potential buyers. Further due diligence is recommended.