Industrial Land & Building for auction Rachaguneri Srikalahasthi 2 Cr PNB

Punjab National Bank is auctioning industrial land and a building located in Srikalahasthi, Chittoor, Andhra Pradesh. This asset was formerly owned by M/s Lakshmi Oil Industries. The property is categorized as Industrial Land & Building, suitable for various industrial ventures. Its location in Srikalahasthi, a growing industrial hub in the Chittoor district, offers strategic advantages for businesses seeking a strong operational base. The property represents a significant opportunity for investment in the industrial sector of Andhra Pradesh.

This is a SARFAESI Auction conducted by Punjab National Bank for industrial land and building assets. The auction will commence on December 5, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this auction is ₹1,80,09,500, with an Earnest Money Deposit (EMD) of ₹18,00,950 required to participate. Prospective bidders are advised to review all auction terms and conditions provided by Punjab National Bank. This is a prime opportunity to acquire industrial property through a transparent auction process.

The property is an industrial land and building located in Srikalahasthi, which can be a good opportunity for businesses looking to expand in the area. The reserve price is reasonable, but potential investors should carefully assess the market and the terms of the auction before bidding. Given the limited information and the presence of guarantors, this is classified as a calculated opportunity.