Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:608320
Bank Name:Cholamandalam Investment And Finance Company Limited
Branch Name:Corporate Office : Chennai
Reserve Price:₹75,00,000
EMD:₹7,50,000
Bid Increment:₹1,00,000
Auction Time:11:00 am to 1:00 PM
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This auction features a residential land and building in Bhimadole, West Godavari, Andhra Pradesh. The property is offered by Cholamandalam Investment And Finance Company Limited under the SARFAESI Act. It represents an excellent opportunity to acquire real estate in a developing region. The asset category is residential, suggesting potential for personal use or investment. The property is located in the West Godavari district, known for its agricultural prominence and growing infrastructure.
State:Andhra Pradesh
City:West Godavari
Area:Bhimadole
Asset Category:Residential
Full Address:1-301/1, D.No. 1-301/1, Ravikampadu Village, Kamavarapukota Mandal, Ravikampadu Village, West Godavari
Size:677.6 sq yds
Auction Description
Cholamandalam Investment And Finance Company Limited is conducting a SARFAESI auction for a land and building property in Bhimadole, West Godavari, Andhra Pradesh. The auction will take place on November 21, 2025, from 11:00 AM to 01:00 PM. The reserve price is set at ₹75,00,000, with an Earnest Money Deposit (EMD) of ₹7,50,000 required to participate. This is a prime opportunity for interested bidders to acquire a residential asset through a transparent auction process. All bidders are advised to review the auction terms and conditions thoroughly.
Borrower Name:Chilintarajula Naveen
Auction Type:SARFAESI Auction
Guarantor Names:Sri Durga Cable Network, Sri Durga Internet Services, Venkataramarao Chilinta Rajula, Chilintarajula Nagamani, Sudheer Chilintarajula
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building in a developing locality. The reserve price seems reasonable, but a thorough inspection and market assessment are necessary. It presents a calculated risk with potential upside.
Contact Details
Branch:Branch Office : Corporate Office : Chennai
Service Provider:bankauctions.in
Contact Details:
Muhammed Rahees
Contact no:8124000030
