Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610551
Bank Name:City Union Bank
Branch Name:kumbakonam
Reserve Price:₹2,08,00,000
EMD:₹20,80,000
Auction Time:01.00 p.m.
Service Provider:Public Auction
Important Dates
Submission Date:08-12-2025 12:00 PM
Bid Start Date:2025-12-08
Property Description
This auction features a prime piece of land with a building located in Nallapadu, Guntur, Andhra Pradesh. The property is categorized as residential and is being auctioned by City Union Bank under SARFAESI guidelines. It presents a valuable opportunity for investment or development in a growing area. The land and building offer significant potential for various uses.
State:Andhra Pradesh
City:Guntur
Area:Nallapadu
Asset Category:Residential
Full Address:D.No.419, Peda Palakaluru Village, Peda Palakaluru Grama Panchayat Area, Nallapadu, Guntur
Size:1340 sq.yds.
Auction Description
City Union Bank is conducting a SARFAESI auction for a residential land and building in Nallapadu, Guntur, Andhra Pradesh. The auction will take place on December 8, 2025, from 1:00 PM to 2:00 PM. The reserve price is set at INR 2,08,00,000, with an Earnest Money Deposit (EMD) of INR 20,80,000 required. This is a unique chance to acquire a valuable asset from M/s. Sri Sandhya Enterprises' former holdings.
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
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a calculated opportunity due to its location in Nallapadu, a developing area of Guntur, and its relatively attractive reserve price. While the location offers potential, the auction terms and symbolic possession require careful consideration. This makes it a calculated risk worth exploring for informed investors.
Contact Details
Branch:Branch Office : kumbakonam
Service Provider:Public Auction
Contact Details:
Contact no:08632-222005
