Property for Auction in Palakoderu, West Godavari, Andhra Pradesh
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611983
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹52,00,000
EMD:₹5,20,000
Auction Time:01.00 p.m.
Service Provider:Public Auction
Submission Date:21-11-2025 01:00 PM
Bid Start Date:2025-11-21
This SARFAESI auction presents a prime opportunity to acquire a Land and Building asset in Palakoderu, West Godavari, Andhra Pradesh. The property, formerly associated with M/s G.K Trading Company, falls under the Residential asset category. Located in the vibrant West Godavari district, this property offers significant potential for development or personal use. Don't miss this chance to own a valuable piece of real estate in a rapidly developing region.
State:Andhra Pradesh
City:West Godavari
Area:Palakoderu
Asset Category:Residential
Full Address:9-3 & 9-4, R.S. No.449/5 Door Nos 9-3 & 9-4, Assessment Nos. 1227 and 1228. Vissakoderu Panchayat, Palakoderu Mandal, Gunipudi Sub-District. West Godavari District, Palakoderu, West Godavari
Size:726 Sq yds
City Union Bank is conducting a SARFAESI auction for a Land and Building property in Palakoderu, West Godavari, Andhra Pradesh. The auction will commence on November 21, 2025, at 01:00 PM and conclude at 05:00 PM on the same day. The reserve price for this Residential asset is set at ₹52,00,000, with an Earnest Money Deposit (EMD) of ₹5,20,000 required. This is a unique opportunity to bid on a property with clear title and significant investment potential.
Borrower Name:M/s G.K Trading Company
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Bollam Gopala Krishna, Mrs.Bollam Venkata Nagalakshmi, Mr.Bollam Chitti Venkateswara Rao, Mrs.Bollam Manikyam
Encumbrance Details:Not Known to Bank
The property offers a decent investment potential due to its size and location in Palakoderu. The reserve price is reasonable, and the auction terms are standard. Further due diligence is recommended to assess the full potential and risks associated with the property.
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:08816-230280