Land And Building for auction Palakollu Rural Village & Panchayath area Palakollu 2 Cr SBI

Property for Auction in Palakollu, West Godavari, Andhra Pradesh

Recommendation
Calculated OpportunityScore: 6.8
Possession
Physical
Size
1936 sq yards
Reserve Price
2,32,00,000
Reserve Price
2,32,00,000
EMD Required
23,20,000
Property Specifications
Size1936 sq yards
Unit No.11-70
Possession StatusPhysical
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Land And Building
Location IconLocation:
Palakollu, West Godavari
Auction Date IconAuction Date:
18-11-2025 11:00 AM

Auction Details

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

Important Dates

Submission Date:17-11-2025 05:00 PM

Bid Start Date:2025-11-18

Property Description

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

Auction Description

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

Legal Details

Possession Status:Physical

Encumbrance Details:Not Known to Bank

Why This Property

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.

Contact Details

Branch:Branch Office : Stressed Asset Recovery Branch

Service Provider:Public Auction

Contact Details:

Mr. Y. Srikant

Contact no:8099444378

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