Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:608295
Bank Name:Cholamandalam Investment And Finance Company Limited
Branch Name:Corporate Office : Chennai
Reserve Price:₹1,57,00,000
EMD:₹15,70,000
Bid Increment:₹1,00,000
Auction Time:11:00 am to 1:00 PM
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This SARFAESI auction features a residential land and building located in Fazulbegpeta, Srikakulam, Andhra Pradesh. The property is offered by Cholamandalam Investment And Finance Company Limited and is the asset of borrower Visweswara Rao Hanumantu. This is a great opportunity to acquire a property in a developing area of Srikakulam.
State:Andhra Pradesh
City:Srikakulam
Area:Fazulbegpeta
Asset Category:Residential
Full Address:Fazulbegpeta village, Srikakulam town, Srikakulam Muncipal corporation and Srikakulam Registration Sub District, Srikakulam District: Nearest door no. 16-10-67, Fazulbegpeta, Srikakulam
Size:580.8 sq yards
Auction Description
Cholamandalam Investment And Finance Company Limited is conducting an e-auction for a land and building property in Fazulbegpeta, Srikakulam. The auction will take place on November 21, 2025, from 11:00 AM to 01:00 PM. The reserve price is ₹1,57,00,000, with an Earnest Money Deposit (EMD) of ₹15,70,000. This is a SARFAESI auction.
Borrower Name:Visweswara Rao Hanumantu
Auction Type:SARFAESI Auction
Guarantor Names:Padmavati Hanumantu, Sri Balaji Fruit Traders
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Srikakulam and its size suggest reasonable investment potential. The land and building type makes it a decent asset, but due diligence is needed. The auction terms appear standard, warranting consideration.
Contact Details
Branch:Branch Office : Corporate Office : Chennai
Service Provider:bankauctions.in
Contact Details:
Muhammed Rahees
Contact no:8124000030
