Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610417
Bank Name:HDB Financial Services Limited
Branch Name:REGISTERED OFFICE : AHMEDABAD
Reserve Price:₹6,43,20,000
EMD:₹64,32,000
Bid Increment:₹1,00,000
Auction Time:11 AM to 12 Noon
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-04-11
Bid Start Date:2025-05-11
Property Description
This is a SARFAESI auction for a Land and Building property in Hyderabad, Telangana, previously owned by Savera Funtion Hall. The asset category is Residential. The property is being auctioned by HDB Financial Services Limited. The auction presents an opportunity to acquire a significant land and building asset in a prime Hyderabad location.
State:Telangana
City:Hyderabad
Area:Hyderabad
Asset Category:Residential
Full Address:Door No. 19-2-422/A/5/1, (PARTION of Old Municipal No. 19-2-422/A), Know as Atufi Bagh/Savera Function Hall, Outside Fateh Darwaza, Fateh Darwaza, Hyderabad
Size:754.00 Sq. Yards
Auction Description
HDB Financial Services Limited is conducting a SARFAESI auction for a Land and Building property in Hyderabad on December 5, 2025, from 11:00 AM to 12:00 PM. The reserve price is ₹6,43,20,000, with an Earnest Money Deposit (EMD) of ₹64,32,000 required. This is a prime opportunity for interested parties to bid on a residential asset in Hyderabad.
Borrower Name:Savera Funtion Hall
Auction Type:SARFAESI Auction
Guarantor Names:Mohammed Ameen Uddin, Shabana Begum
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The property offers a decent opportunity in a developing area of Hyderabad. While the reserve price is considerable, the location and size offer potential for future appreciation. Further due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : REGISTERED OFFICE : AHMEDABAD
Service Provider:bankeauctions.com / C1 India
Contact Details:
A.NARSINGRAO & P.KRISHNAPRADEEP
Contact no:9703554646
