Land and Flat for auction Allipuram Area Nellore 34 lakh Indian Overseas Bank

This offering features a parcel of land located in Nellore, Nellore, Andhra Pradesh. Ideal for residential development, this property presents a unique investment opportunity in a growing region. Its strategic location within Nellore provides convenient access to local amenities and infrastructure. The land is being auctioned by Indian Overseas Bank under the SARFAESI Act, offering a clear title and a straightforward transaction process for potential buyers.

Indian Overseas Bank presents a SARFAESI land auction in Nellore, Andhra Pradesh. The auction for this residential land will commence on November 12, 2025, at 11:00 AM and conclude at 01:00 PM on the same day. The reserve price for this valuable plot is ₹34,00,000, with an Earnest Money Deposit (EMD) of ₹3,40,000 required to participate. This is a prime opportunity to acquire land in Nellore, Andhra Pradesh, directly from the bank.

The property includes both a land parcel and a residential flat, offering diversification. The location in Nellore is decent, but the lack of detailed market analysis tempers enthusiasm. Priced reasonably, but requires due diligence on encumbrances and outstanding dues.