Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614460
Bank Name:Indian Bank
Branch Name:BRODIPET BRANCH
Reserve Price:₹20,00,000
EMD:₹2,00,000
Bid Increment:₹10,000
Auction Time:10:00 AM to 02:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
Indian Bank is auctioning a plot of land in Nallapadu, Guntur, Andhra Pradesh. This residential land parcel is being offered under SARFAESI rules. The borrower is Mr. Bandanboina Nageswara Rao. Located in the thriving area of Nallapadu, this property presents a promising opportunity for development or investment. Its accessibility and location within Guntur city make it a desirable acquisition.
State:Andhra Pradesh
City:Guntur
Area:Nallapadu
Asset Category:Residential
Full Address:Plot No. 5,6,7 and Flat No. 301, SRI KALYAAN RAM TOWERS, D No. 404 out of Ac 7.94 cents, an extent of 3.97 Cents which is divided into plots as per L.P.No. 01/2011 approved by VGTM UDA under the name Sitaram Township, out of which as per measurements on ground, and extent of 655.74 Sq Yards of site bearing Plot No. 5,6 and 7 in which an apartment under the name SRI KALYAAN RAM TOWERS and Flat No. 301 located in Second Floor of SRI KALYAAN RAM TOWERS, Nallapadu, Guntur
Building/Society:SRI KALYAAN RAM TOWERS
Size:655.74 Sq Yards
Auction Description
This is a SARFAESI auction conducted by Indian Bank for a plot of land located in Nallapadu, Guntur, Andhra Pradesh. The auction will take place on November 19, 2025, starting at 10:00 AM and concluding at 02:00 PM. The reserve price for this residential land is INR 2,000,000.00, with an Earnest Money Deposit (EMD) of INR 200,000.00 required to participate. Interested bidders should review all auction terms and conditions provided by Indian Bank.
Borrower Name:Mr. Bandanboina Nageswara Rao
Auction Type:SARFAESI Auction
Guarantor Names:Smt Bandanboina Bhavani
Legal Details
Encumbrance Details:NIL
Why This Property
The property presents a calculated opportunity due to its combined land and flat offering in a developing locality. The reserve price appears reasonable, but the semi-finished state of the flat warrants careful consideration of additional costs. The auction terms are standard, and potential investors should conduct thorough due diligence before bidding.
Contact Details
Branch:Branch Office : BRODIPET BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no: —
