Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:614641
Bank Name:Union Bank of India
Branch Name:Governorpet Branch
Reserve Price:₹1,45,75,000
EMD:₹14,57,500
Bid Increment:₹10,000
Auction Time:12:00 Noon to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
This is a prime land parcel located in the established locality of Kedareswarapeta, Vijayawada, Andhra Pradesh. Situated in a developed urban area, this property offers excellent potential for residential development. The land is being auctioned by Union Bank of India under SARFAESI norms.
State:Andhra Pradesh
City:Vijayawada
Area:Kedareswarapeta
Asset Category:Residential
Full Address:G-2(102), Maheswari Towers, Kedareswaripet, Prathiknagar, C.K Reddy Road, Lotus Land Mark, Vijayawada-520003, Kedareswaripeta, Vijayawada
Building/Society:Maheswari Towers
Size:1195.0 Sq. yards
Auction Description
Union Bank of India is conducting a SARFAESI auction for a valuable land property in Kedareswarapeta, Vijayawada. The auction will take place on November 28, 2025, from 12:00 PM to 5:00 PM. The reserve price is ₹1,45,75,000, with an EMD of ₹14,57,500. This is a significant opportunity to acquire a land asset in a sought-after location.
Borrower Name:Mr. Alamuri Shankara Rao
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Alamuri Anasuya
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Kedareswarapeta, Vijayawada, combined with the auction terms and a reasonable reserve price, makes it a strong investment opportunity. Land and flat combinations offer diverse potential, although due diligence is essential to assess market demand and legal standings.
Contact Details
Branch:Branch Office : Governorpet Branch
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no:8121181945
