Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612114
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:20-11-2025 05:00 PM
Bid Start Date:2025-11-21
Property Description
This auction features a residential land and building located in Bhimavaram, West Godavari, Andhra Pradesh. The property is offered by City Union Bank under SARFAESI provisions. Ideal for investment or personal use, this asset presents a unique opportunity in a developing area.
State:Andhra Pradesh
City:West Godavari
Area:Bhimavaram
Asset Category:Residential
Full Address:16-13-5, Door No. 16-13-5, Bhimavaram, Gunipudi Sub-District, Gunipudi, Bhimavaram
Size:62.30 sq. yards
Auction Description
City Union Bank is conducting a SARFAESI auction for a residential land and building in Bhimavaram, West Godavari. The auction will take place on November 21, 2025, between 11:00 AM and 01:00 PM. The reserve price is set at 75,00,000 INR, with an Earnest Money Deposit (EMD) of 7,50,000 INR. This is a prime opportunity to acquire a valuable property.
Borrower Name:M/s G K rading 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, located in Bhimavaram, presents a calculated opportunity due to its land and building type and moderate reserve price. Its location and size suggest potential for development or resale. The auction terms require careful consideration, making it suitable for investors with local market knowledge.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:9397121831
