Property for Auction in Ibrahimpatnam, Krishna, Andhra Pradesh
Auction ID:528658
Bank Name:Karur Vysya Bank
Branch Name:VIJAYAWADA
Reserve Price:₹4,28,00,000
EMD:₹42,80,000
Service Provider:bankauctions.in
Submission Date:30-07-2025 05:00 PM
Bid Start Date:31-07-2025 11:00 AM
This exceptional industrial land parcel, located in the burgeoning Industrial Development Area of Kondapalli, Ibrahimpatnam Mandal, Krishna District, Andhra Pradesh, offers a strategic advantage for manufacturing and logistical operations. The property consists of two distinct plots: Shed No.4, encompassing 1204 square meters, and Plot No.4, measuring 902.91 square meters. Both parcels are strategically positioned with frontage on a 12.0-meter wide road, ensuring excellent accessibility for heavy vehicle movement and supply chain efficiency. The boundaries are clearly defined, with Shed No.4 bordered by open space to the east, Shed No.3 to the south, the access road to the west, and Shed No.5 to the north. Plot No.4 shares a western boundary with Shed No.4, Plot No.3 to the south, and Plot No.5 to the north, with its eastern side also fronting the access road. This well-situated land in a recognized industrial zone provides immense potential for development and growth, making it an attractive investment for discerning industrial buyers.
State:Andhra Pradesh
City:Krishna
Area:Ibrahimpatnam
Asset Category:Industrials
This SARFAESI auction presents a compelling opportunity to acquire prime industrial land in Ibrahimpatnam, Krishna District, Andhra Pradesh, a region experiencing significant industrial growth. The auction is being conducted by Karur Vysya Bank, with the bidding scheduled to take place on July 31, 2025, from 11:00 AM to 01:00 PM. The property comprises two parcels: Shed No.4, measuring 1204 Sq Mtrs, and Plot No.4, measuring 902.91 Sq Mtrs, both situated within the Industrial Development Area of Kondapalli. The land offers excellent accessibility, bordering a 12.0-meter wide road on the west for Shed No.4 and the east for Plot No.4, facilitating efficient logistics and transportation. With a reserve price of ₹4,28,00,000.00 and an Earnest Money Deposit (EMD) of ₹42,80,000.00, this auction is ideal for businesses seeking to establish or expand their industrial footprint in a developing economic zone. Interested buyers are encouraged to submit their applications by July 30, 2025, 05:00 PM.
Borrower Name:M/s.Lorvens Package Industries
Auction Type:SARFAESI Auction
Mr.Jaya Prakash Reddy Cell No.8142000064,Ms. Trishala-Cell No. 8142000066