Land and Building for Auction Sethubheemavaram Village Panchayat Pensam Village Srikakulam 11.7 Lakh by Union Bank of India 24 Jun 2026
Sethubheemavaram Village & Panchayat, Pensam Village, Srikakulam
Area: 80 Sq. Yds.
S.No.23-4, Door No.1-46, Nagarapu Street, Sethubheemavaram Village & Panchayat, Pensam Village, G Sigadam Mandal, Srikakulam District
Union Bank of India · Regional Office
Reserve price
₹11,70,000
EMD ₹1,17,000
Auction date
24 Jun 2026, 12:00 PM
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Quick read
- ▸Possession: Physical
- ▸Area: 80 Sq. Yds.
- ▸Locality: Sethubheemavaram Village & Panchayat, Pensam Village
- ▸Reserve: ₹11,70,000
- ▸EMD: ₹1,17,000
Auction snapshot
| Possession | Physical |
| Property type | Land And Building · Residential |
| Locality | Sethubheemavaram Village & Panchayat, Pensam Village |
| Built-up / plot area | 80 Sq. Yds. |
| Lender | Union Bank of India |
| Branch | Regional Office |
| Unit / flat no. | S.No.23-4, Door No.1-46 |
| Auction type | SARFAESI Auction |
| Bid increment | ₹15,000 |
| Service provider | BAANKNET |
About this property
Land And Building bank auction in Sethubheemavaram Village & Panchayat, Pensam Village, Srikakulam by Union Bank of India — reserve price ₹11,70,000, 80 Sq. Yds., Physical possession.
Discover a bank auction property with Union Bank of India. This residential house and land parcel, measuring 80 Sq. Yds., is located at S.No.23-4, Door No.1-46, Nagarapu Street, Sethubheemavaram Village & Panchayat, Pensam Village, G Sigadam Mandal, Srikakulam District. An excellent opportunity for a bank auction property for sale, ideal for residential use. The reserve price is ₹1,170,000.0, with an EMD of ₹117,000.0. The e-auction is scheduled for June 24, 2026, from 12:00 PM to 05:00 PM. This property offers physical possession, making it a promising investment in the Srikakulam District.
GeoSquare note: This residential land and building in G Sigadam, Srikakulam, offers a fair investment opportunity. With a modest reserve price of ₹1,170,000.0 for an 80 Sq. Yds. plot, it's an accessible option for local buyers. The bank has taken physical possession, reducing some risks, though buyers should perform due diligence given the 'as is where is' basis. Its rural/semi-urban location and smaller size make it more suitable for individual residential use rather than large-scale commercial development.
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