Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612236
Bank Name:Union Bank of India
Branch Name:Stressed Asset Management Branch, Hyderabad
Reserve Price:₹38,00,00,000
EMD:₹3,80,00,000
Bid Increment:₹3,80,00,000
Auction Time:12.00 Noon to 05.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:13-11-2025 05:00 PM
Bid Start Date:2023-11-25
Property Description
This auction features a prime Land and Building asset in Veeravasaram, West Godavari, Andhra Pradesh. The property, categorized as Residential, offers a significant investment opportunity in a developing region. Its current status as part of a SARFAESI auction means it is being sold directly by Union Bank of India.
State:Andhra Pradesh
City:West Godavari
Area:Veeravasaram
Asset Category:Residential
Full Address:Door no. 5-183/D, Veeravasarm village & Mandal, West Godavari Dist., Andhra Pradesh state, Veeravasaram, West Godavari
Size:39579.1 Sq. Yards
Auction Description
Union Bank of India is conducting a SARFAESI auction for a valuable Land and Building property in Veeravasaram, West Godavari. The auction has a reserve price of INR 38,00,00,000 and an Earnest Money Deposit (EMD) of INR 38,00,000. Bidders are advised to review all terms and conditions prior to the auction, which commences on November 14, 2025, at 12:00 PM and concludes at 5:00 PM on the same day.
Borrower Name:M/s Annapurna Saraswathi Warehousing Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:M/s OSR Infra Private Limited, KPM Warehousing Enterprises
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property, a land and building in Veeravasaram, offers a calculated opportunity due to its location and size. While the reserve price is substantial, the potential for commercial use in the region warrants consideration. Investors should carefully evaluate the auction terms and conduct thorough due diligence.
Contact Details
Branch:Branch Office : Stressed Asset Management Branch, Hyderabad
Service Provider:BAANKNET
Contact Details:
Senior Manager
Contact no:7541812101
