Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610433
Bank Name:State Bank of India
Branch Name:Stressed Assets Recovery Branch
Reserve Price:₹25,50,000
EMD:₹2,55,000
Bid Increment:₹10,000
Auction Time:11:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:26-11-2025 05:00 PM
Bid Start Date:2025-11-27
Property Description
This is a bank auction property located in Ibrahimpatnam, Krishna, Andhra Pradesh. The property is categorized as residential and consists of land and a building. It is being auctioned by the State Bank of India under the SARFAESI Act.
State:Andhra Pradesh
City:Krishna
Area:Ibrahimpatnam
Asset Category:Residential
Full Address:R S No.287/1, Assessment No. 1187013233, Door No.32-158/1 (Municipal Door No.1-32-158/1), Kondapalli Village, Kondapalli, Ibrahimpatnam
Size:117.68 Sq. Yards
Auction Description
State Bank of India is conducting a SARFAESI auction for a residential land and building property in Ibrahimpatnam, Krishna, Andhra Pradesh. The auction is scheduled for November 27, 2025, starting at 11:00 AM and concluding at 4:00 PM. The reserve price for this auction is INR 2,550,000, with an Earnest Money Deposit (EMD) of INR 255,000 required. This is an opportunity to acquire a property through a secured creditor auction process.
Borrower Name:Mohammed Akbar Khan
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Ibrahimpatnam, a developing area, and its classification as land and building offer potential value. The reserve price of ₹25,50,000 seems reasonable. This could be a decent investment if the location has good future prospects.
Contact Details
Branch:Branch Office : Stressed Assets Recovery Branch
Service Provider:BAANKNET
Contact Details:
Sri Y. Mukteswara Rao
Contact no:8886640777
