Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611615
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹70,00,000
EMD:₹7,00,000
Auction Time:11:00 AM to 11:20 AM
Service Provider:Auctionbazaar
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
This auction features a valuable land and building property located in Ananthapuram, Anantapur, Andhra Pradesh. The asset is categorized as residential and is being auctioned by Karnataka Bank under the SARFAESI Act. This is a prime opportunity to acquire a property in a well-established area.
State:Andhra Pradesh
City:Anantapur
Area:Ananthapuram
Asset Category:Residential
Full Address:1-122, Sy. No. 264/4, Door No. 1-122, Bondalwada Gram Panchayati Area, Narpala Mandal, Bondalwada, Anantapur
Size:15.25 Cents
Auction Description
Karnataka Bank is conducting a SARFAESI auction for a residential land and building in Ananthapuram, Anantapur, Andhra Pradesh. The auction will take place on December 10, 2025, starting at 11:00 AM and concluding at 11:20 AM. The reserve price is set at ₹70,00,000, with an Earnest Money Deposit (EMD) of ₹7,00,000 required to participate. This is a timed online auction event.
Borrower Name:Mr. Aalam Mallikarjuna
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Aalam Pushpa
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building in Ananthapuram with a relatively low reserve price, making it a potentially interesting investment. However, further due diligence regarding the location and market conditions is advisable before bidding. The symbolic possession status introduces a degree of risk that needs careful assessment.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Contact no: —
