Land And Building for auction Palakoderu West Godavari 52 lakh City Union Bank

Property for Auction in Palakoderu, West Godavari, Andhra Pradesh

Recommendation
Calculated OpportunityScore: 6.8
Size
726 Sq yds
Reserve Price
52,00,000
Reserve Price
52,00,000
EMD Required
5,20,000
Property Specifications
Size726 Sq yds
Unit No.9-3 & 9-4
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Land And Building
Location IconLocation:
Palakoderu, West Godavari
Auction Date IconAuction Date:
21-11-2025 01:00 PM

Auction Details

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

Important Dates

Submission Date:21-11-2025 01:00 PM

Bid Start Date:2025-11-21

Property Description

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

Auction Description

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

Legal Details

Encumbrance Details:Not Known to Bank

Why This Property

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.

Contact Details

Branch:Branch Office : Credit Recovery and Management Department

Service Provider:Public Auction

Contact Details:

Contact no:08816-230280

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