Property for Auction in Palakollu, West Godavari, Andhra Pradesh
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610953
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹2,32,00,000
EMD:₹23,20,000
Bid Increment:₹1,00,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:Public Auction
Submission Date:17-11-2025 05:00 PM
Bid Start Date:2025-11-18
This is a SARFAESI auction by the State Bank of India for a residential Land And Building property located in Palakollu, West Godavari, Andhra Pradesh. The property is associated with the borrower M/s. Raghava Aqua Trading Company. The auction is scheduled to take place on November 18, 2025, commencing at 11:00 AM and concluding at 04:00 PM. The reserve price for this auction is 2,32,00,000, with an Earnest Money Deposit (EMD) of 23,20,000.
State:Andhra Pradesh
City:West Godavari
Area:Palakollu
Asset Category:Residential
Full Address:11-70, Door No: 11-70, Assessment No:877, Palakollu Rural Village & Panchayath area, Palakollu
Size:1936 sq yards
State Bank of India presents a SARFAESI auction for a valuable Land And Building property in Palakollu, West Godavari, Andhra Pradesh. This is an excellent opportunity to acquire a residential asset with a starting bid at the reserve price of 2,32,00,000. The EMD required to participate is 23,20,000. The auction will be conducted online on November 18, 2025, from 11:00 AM to 04:00 PM. Don't miss this chance to bid on this significant property.
Borrower Name:M/s. Raghava Aqua Trading Company
Auction Type:SARFAESI Auction
Guarantor Names:Sri Redla Veera Raghava Rao, Smt.Jalli Suneetha, Smt. Redla Manga Devi, Smt. Achanta Dhana Lakshmi, Sri Inakoti Srinivasu, Sri Redla Srinivasa Rao
Possession Status:Physical
Encumbrance Details:Not Known to Bank
The property represents a calculated opportunity due to its land and building, its location in Palakollu, and the details of the auction. The price seems reasonable, but a thorough inspection and legal due diligence is advisable.
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:Public Auction
Contact Details:
Mr. Y. Srikant
Contact no:8099444378