Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611796
Bank Name:State Bank of India
Branch Name:Stressed Assets Recovery Branch
Reserve Price:₹1,04,75,000
EMD:₹10,47,500
Bid Increment:₹10,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:08-12-2025 05:00 PM
Bid Start Date:2025-12-09
Property Description
A residential plot located in the East Godavari district of Andhra Pradesh is being auctioned by the State Bank of India. This property, associated with borrower Sri Saka Lakshmi Narayana, presents a valuable opportunity in a developing area. The plot is suitable for residential development and offers a chance to invest in a growing region.
State:Andhra Pradesh
City:East Godavari
Area:East Godavari
Asset Category:Residential
Full Address:7-1 & 7-2, Block No.7, R S No. 318/5, Dno. 7-1 & 7-2, Someswaram, Rayavaram Mandal, Someswaram, East Godavari
Size:191.77 Sq Yrds
Auction Description
State Bank of India presents a SARFAESI auction for a residential plot in East Godavari, Andhra Pradesh. The auction will take place on December 9, 2025, from 11:00 AM to 4:00 PM. The reserve price is set at ₹1,04,75,000, with an Earnest Money Deposit (EMD) of ₹10,47,500 required to participate. This is a significant opportunity to acquire a plot through a bank auction.
Borrower Name:Sri Saka Lakshmi Narayana
Auction Type:SARFAESI Auction
Guarantor Names:Smt. Saka Venkata Durga
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a reasonable opportunity given its residential nature and location in East Godavari. The reserve price and EMD are substantial, requiring careful due diligence. Potential investors should assess the market value and legal aspects thoroughly before bidding.
Contact Details
Branch:Branch Office : Stressed Assets Recovery Branch
Service Provider:BAANKNET
Contact Details:
Y. Kiran Chand
Contact no:9160949910
