Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612183
Bank Name:Indian Overseas Bank
Branch Name:Chandramouli Nagar Branch
Reserve Price:₹1,88,63,000
EMD:₹18,86,300
Bid Increment:₹1,00,000
Auction Time:11:00 AM to 01:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-20
Property Description
A valuable plot of land with an existing building located in Prathipadu, Guntur, Andhra Pradesh. This residential asset, previously associated with M/s. OM Poultry farms, presents a significant opportunity for development or personal use. Situated in a developing area, it offers potential for future appreciation. The property is being auctioned by Indian Overseas Bank.
State:Andhra Pradesh
City:Guntur
Area:Prathipadu
Asset Category:Residential
Full Address:D.no: 154-3A, resurvey no. 154-3A1, Nadimpalem, Guntur
Size:1.56 Acres
Auction Description
Indian Overseas Bank presents a SARFAESI auction for a Land and Building property in Prathipadu, Guntur. The auction will take place on November 20, 2025, from 11:00 AM to 01:00 PM. The reserve price is INR 1,88,63,000, with an Earnest Money Deposit (EMD) of INR 18,86,300 required to participate. This is a prime opportunity to acquire a property in Andhra Pradesh through a transparent auction process.
Borrower Name:M/s. OM Poultry farms
Auction Type:SARFAESI Auction
Guarantor Names:Sri. Paruchuri Madhava Rao, Smt. Paruchuri Nagaraja Kumari, Sri. Paruchuri Sunil Krishna, Smt. Paruchuri Venkata Srilakshmi, Mrs. S.Sudha Vahini
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The property is a land and building asset in Prathipadu, Guntur, with a relatively high reserve price. While the location may offer potential, prospective buyers should carefully evaluate the market conditions and conduct thorough due diligence. The auction terms are standard, making it a calculated opportunity for informed investors.
Contact Details
Branch:Branch Office : Chandramouli Nagar Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:8925951178
