Land and Building for Auction Venkateswara Colony Laxminagar Colony Mahabubnagar 10.7 Crore by Idbi Bank 23 Jun 2026

Quick read

• ▸Possession: Symbolic
• ▸Area: 5897 sq. yards
• ▸Locality: Venkateswara Colony/Laxminagar Colony
• ▸Reserve: ₹10,70,00,000
• ▸EMD: ₹1,07,00,000

About this property

Land And Building bank auction in Venkateswara Colony/Laxminagar Colony, Mahabubnagar by IDBI Bank — reserve price ₹10,70,00,000, 5897 sq. yards, Symbolic possession.

Discover a significant bank auction property in Mahabubnagar, Telangana. This expansive Land & Building, known as Anantha Laxmi Narsimha Gardens, spans 5897 sq. yards and features a multi-story structure with Ground plus Two Upper floors. Located in the prominent Venkateswara Colony/Laxminagar Colony, this commercial property offers considerable potential. The e-auction is scheduled for June 23, 2026, with a reserve price of ₹10,70,00,000 and EMD of ₹1,07,00,000. Property inspections are available from June 7 to June 21, 2026. This is a unique opportunity to acquire a large commercial property through an IDBI Bank auction, ideal for investors seeking spacious premises in Mahabubnagar. Prospective bidders are advised to review the detailed legal status, including a pending court case regarding ancestral share claims.

GeoSquare note: The property, a large land and building structure in Mahabubnagar, initially appears to be a good commercial opportunity due to its size and multi-floor construction. However, the significant pending court case regarding a 1/5th share claim and the symbolic possession status introduce substantial legal and financial risks for potential buyers. Despite a competitive reserve price for its scale, the unresolved encumbrance drastically reduces its immediate investment appeal and makes it a risky choice.