Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610376
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹1,00,00,000
EMD:₹10,00,000
Service Provider:Public Auction
Important Dates
Submission Date:08-12-2025 12:00 PM
Bid Start Date:2025-12-08
Property Description
This is a bank auction for a Land and Building property located in Nallapadu, Guntur, Andhra Pradesh. The property is offered by City Union Bank as part of a SARFAESI auction. The asset category is residential.
State:Andhra Pradesh
City:Guntur
Area:Nallapadu
Asset Category:Residential
Full Address:Plot Nos. 2, 3 & 4, D.No.93, Plot Nos. 2, 3 & 4 Ankireddy Patem Grama Panchayat Area, Nallapadu, Guntur
Size:563 sq yds
Auction Description
City Union Bank is conducting an SARFAESI auction for a Land and Building property in Nallapadu, Guntur, Andhra Pradesh. The auction will take place on December 8, 2025, starting at 1:00 PM and ending at 2:00 PM. The reserve price for this property is ₹10,000,000, with an Earnest Money Deposit (EMD) of ₹1,000,000 required. The property is associated with borrower M/s. Sri Sandhya Enterprises.
Borrower Name:M/s. Sri Sandhya Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Bolla Bhulakshmi, Mr. Bolla Chowdary, Mrs. Bolla Sunitha, Ms. Bolla Sandhya Ravi
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building in a developing area of Guntur. While the location shows potential, the auction terms and the specific details need careful review. Given the reserve price and the location, it represents a calculated investment opportunity.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:08632-222005
