Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612102
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹4,56,00,000
EMD:₹45,60,000
Auction Time:11:00 AM to 11:20 AM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
This auction features a valuable land and building asset in Adoni, Kurnool, Andhra Pradesh. The property, categorized as residential, is being auctioned by Karnataka Bank under SARFAESI regulations. It presents a significant investment opportunity in a developing region.
State:Andhra Pradesh
City:Kurnool
Area:Adoni
Asset Category:Residential
Full Address:16/67K, Basapuram Road, Adoni Municipality, Basapuram Road, Adoni
Size:189 cents
Auction Description
Karnataka Bank is conducting a SARFAESI auction for a land and building property in Adoni, Kurnool, Andhra Pradesh. The auction has a reserve price of ₹4,56,00,000 and requires an EMD of ₹45,60,000. The auction will take place on December 10, 2025, from 11:00 AM to 01:00 PM. This is a prime opportunity to acquire a substantial asset.
Borrower Name:M/s.Ganesh Ginning Factory represented
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Ravi Prakash Reddy H, Mrs. Sujatha H
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is an industrial land and building in Adoni, with a reasonable reserve price. While the location is not specified as 'prime,' the industrial nature and land size present a calculated investment opportunity. Potential investors should conduct thorough due diligence before bidding.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Contact no:9603716999/9581498999/8370969696
