Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612113
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹40,00,000
EMD:₹4,00,000
Auction Time:01.00 p.m.
Service Provider:Public Auction
Important Dates
Submission Date:20-11-2025 05:00 PM
Bid Start Date:2025-11-21
Property Description
This is a SARFAESI auction for a residential land and building located in Palakoderu, West Godavari, Andhra Pradesh. The property is being auctioned by City Union Bank, with a reserve price of INR 40,00,000 and an EMD of INR 4,00,000. The borrower is M/s G K Trading Company. This is an excellent opportunity to acquire a property in a well-established area.
State:Andhra Pradesh
City:West Godavari
Area:Palakoderu
Asset Category:Residential
Full Address:R.S.No.449/1, Vissakoderu, Palakoderu Mandal, Vissakoderu, Palakoderu
Size:726 Sq. Yds
Auction Description
City Union Bank is conducting an online SARFAESI auction for a valuable residential land and building in Palakoderu, 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 INR 40,00,000, with an Earnest Money Deposit (EMD) of INR 4,00,000 required to participate. Don't miss this chance to bid on this promising asset.
Borrower Name:M/s G K rading Company
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Bollam Gopala Krishna, Mrs.Bollam Venkata Nagalakshmi, Mr.Bollam Chitti Venkateswara Rao, Mrs.Bollam Manikyam
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building located in Palakoderu with a reasonable reserve price. While the location is not prime, the auction terms are standard. It represents a calculated opportunity for investors familiar with the local market.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:08816-230280/9397121831/8925876329
