Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:611616
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹92,00,000
EMD:₹9,20,000
Auction Time:11:00 AM to 11:20 AM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
This auction features a prime piece of real estate in Santhi Nagar, Anantapur, Andhra Pradesh. The property comprises both land and a building, categorized as residential. It is being auctioned by Karnataka Bank as part of a SARFAESI action. The reserve price is set at INR 92,00,000, with an Earnest Money Deposit (EMD) of INR 9,20,000 required. This is a fantastic opportunity to acquire a valuable asset in a developing area.
State:Andhra Pradesh
City:Anantapur
Area:Santhi Nagar
Asset Category:Residential
Full Address:142, TS. No. 124 (old), 126 (new), Plot No. 142 (new), Plot No. 110 (old), D. No. 1-2-475-1, Ward No. 1, Behind Rishitha School Area, Santhi Nagar, Anantapur
Size:288.88 Sq. Yards
Auction Description
Karnataka Bank is conducting a SARFAESI auction for a land and building property located in Santhi Nagar, Anantapur, Andhra Pradesh. The auction will take place on December 10, 2025, with bidding open from 11:00 AM to 11:20 AM. The reserve price for this residential asset is INR 92,00,000, and interested parties must submit an EMD of INR 9,20,000. This short auction window presents a chance for a swift and decisive transaction.
Borrower Name:Mr. Nosam Bhaskar Reddy
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. N. Sri Devi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Santhi Nagar, Anantapur, coupled with its residential land and building classification, makes it a strong investment. The reserve price is reasonable, and the auction terms are standard, suggesting a worthwhile opportunity for potential buyers.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Contact no:9603716999
