Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614563
Bank Name:State Bank of India
Branch Name:SARB - Visakhapatnam
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:BAANKNET
Important Dates
Submission Date:17-11-2025 05:00 PM
Bid Start Date:2025-11-18
Property Description
This is a bank auction for a Land And Building property located in Palakollu, West Godavari, Andhra Pradesh. The property is being auctioned by the State Bank of India under SARFAESI rules. This is a residential asset belonging to borrower Sri Redla Veera Raghava Rao. The auction presents an opportunity to acquire a property in this region.
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 Non Municipal Village, Palakollu
Size:1936 sq yards
Auction Description
State Bank of India is conducting an e-auction for a Land And Building property in Palakollu, West Godavari, Andhra Pradesh. The auction will take place on November 18, 2025, from 11:00 AM to 04:00 PM. The reserve price for this SARFAESI auction is INR 2,32,00,000, with an Earnest Money Deposit (EMD) of INR 23,20,000. Interested bidders are encouraged to review all auction terms and conditions provided by the bank.
Borrower Name:Sri Redla Veera Raghava Rao
Auction Type:SARFAESI Auction
Guarantor Names:Sri Redla Veera Raghava Rao, Smt.Jalli Suneetha, Smt. Redia 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 offers a reasonable investment opportunity due to its location in Palakollu and potential for residential development. The reserve price and EMD are considerable, requiring careful financial evaluation. Its potential depends on local market dynamics and future growth prospects.
Contact Details
Branch:Branch Office : SARB - Visakhapatnam
Service Provider:BAANKNET
Contact Details:
Mr. Y. Srikant
Contact no:8099444378
