Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612115
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:20-11-2025 05:00 PM
Bid Start Date:2025-11-21
Property Description
City Union Bank presents a SARFAESI auction for a valuable Land and Building property in Palakoderu, West Godavari, Andhra Pradesh. This residential asset, formerly associated with M/s G K Trading Company, offers a significant investment opportunity in a developing area. The property is situated in the West Godavari district, known for its growing economic activity and connectivity.
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, Guripudi Sub-District., Palakoderu, West Godavari
Size:726 Sq.yds
Auction Description
Seize the opportunity to bid on a prime Land and Building property offered by City Union Bank through a SARFAESI auction. The auction will take place on November 21, 2025, from 11:00 AM to 01:00 PM. The reserve price is set at ₹52,00,000, with an EMD of ₹5,20,000. This is a fantastic chance to acquire a property in Palakoderu, West Godavari, Andhra Pradesh.
Borrower Name:M/s G K rading 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
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a reasonable opportunity for investment due to its location in Palakoderu and the potential for future construction. The reserve price seems fair, but further due diligence regarding the locality's market dynamics is recommended. The auction terms are standard, but potential bidders should carefully assess the encumbrance details.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:08816-230280/9397121831/8925876329
