Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:596445
Bank Name:Union Bank of India
Branch Name:IBRAHIMPATNAM BRANCH
Reserve Price:₹20,52,000
EMD:₹2,05,200
Auction Time:12:00 Pm to 5:00 Pm
Service Provider:BAANKNET
Important Dates
Submission Date:29-10-2025 05:00 PM
Bid Start Date:2025-10-30
Property Description
This auction presents a prime opportunity to acquire a Land and Building property in Ibrahimpatnam, Krishna, Andhra Pradesh. Currently categorized as residential, this asset was formerly associated with M/s RK Granites. The property is being auctioned by Union Bank of India under the SARFAESI Act. Ideal for developers or individuals seeking a property in a growing region.
State:Andhra Pradesh
City:Krishna
Area:Ibrahimpatnam
Asset Category:Residential
Full Address:Plot No22, 23, R.S.No.60, Plot No22, 23, LP No 127/2011/R, Near D.No. 4-60, Near Chilukuru Road, Kachavaram Village, Ibrahimpatnam, Kachavaram Village, Ibrahimpatnam
Size:488.777 Sq. Yds
Auction Description
Union Bank of India is conducting a SARFAESI auction for a Land and Building property in Ibrahimpatnam, Krishna. The auction is scheduled to begin on October 30, 2025, at 12:00 PM and will conclude on the same day at 5:00 PM. The reserve price for this residential asset is ₹20,52,000, with an Earnest Money Deposit (EMD) of ₹2,05,200 required to participate. This is a unique chance to own a property with clear title and potential for development.
Borrower Name:M/s RK Granites
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Shaik Shamshad Begum, SK.Karimulla
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property represents a calculated opportunity due to its location in Ibrahimpatnam and residential land and building type. The reserve price seems reasonable. Potential investors should conduct thorough due diligence regarding the property's condition and local market values before bidding.
Contact Details
Branch:Branch Office : IBRAHIMPATNAM BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no:9918509222
