Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611982
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹75,00,000
EMD:₹7,50,000
Auction Time:01.00 p.m.
Service Provider:Public Auction
Important Dates
Submission Date:21-11-2025 01:00 PM
Bid Start Date:2025-11-21
Property Description
City Union Bank presents a SARFAESI auction for a valuable residential property located in Bhimavaram, West Godavari, Andhra Pradesh. This asset category property consists of land and a building, offering a prime investment opportunity in a developing area. The property is being auctioned by City Union Bank on behalf of the borrower, M/s G.K Trading Company.
State:Andhra Pradesh
City:West Godavari
Area:Bhimavaram
Asset Category:Residential
Full Address:16-13-5, R.S.No.385/8, Door No 16-13-5, Bhimavaram, Gunipudi Sub-District, Gunipudi, Bhimavaram
Size:61.5 sq yards
Auction Description
Participate in the SARFAESI auction conducted by City Union Bank for a land and building property in Bhimavaram, West Godavari. The auction begins on November 21, 2025, at 01:00 PM and concludes at 05:00 PM on the same day. The reserve price is set at ₹75,00,000, with an Earnest Money Deposit (EMD) of ₹7,50,000 required to bid. This is a unique chance to acquire a significant asset in Andhra Pradesh.
Borrower Name:M/s G.K Trading Company
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Bollam Gopala Krishna, Mrs.Bollam Venkata Nagalakshmi, Mr.Bollam Chitti Venkateswara Rao, Mrs.Bollam Manikyam
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property represents a calculated opportunity due to its location in Bhimavaram, a developing area. The land and building's reserve price is reasonable, but further due diligence is needed to assess local market conditions and potential returns. The auction terms are standard, suggesting a moderate risk profile.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:08816-230280
