Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610068
Bank Name:Shriram Finance Ltd
Branch Name:Regd office
Reserve Price:₹38,00,000
EMD:₹3,80,000
Bid Increment:₹25,000
Auction Time:11:00 AM to 01:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-08
Bid Start Date:2025-12-10
Property Description
This auction features a parcel of land located in Bhimavaram, West Godavari district, Andhra Pradesh. The property is part of a SARFAESI auction initiated by Shriram Finance Ltd. This is a valuable opportunity to acquire land in a developing area.
State:Andhra Pradesh
City:West Godavari
Area:Bhimavaram
Asset Category:Residential
Full Address:Flat No.1 (401), VK Chary's Mansion, West Godavari District, Bhimavaram District Registrar area, Tanuku Mandalam, Sajjapuram Sub-District, Tanuku Municipality area, 2nd ward Sajapuram Villege, park street, RS No 18/2E & 2H sub-divided as RS No. 18/6 nearby D. No.22-19-12, Sajjapuram, Bhimavaram
Building/Society:VK Chary's Mansion
Size:604.5 Sq. yards
Auction Description
Shriram Finance Ltd is conducting a SARFAESI auction for a land property in Bhimavaram, West Godavari, Andhra Pradesh. The auction will take place on December 10, 2025, from 11:00 AM to 01:00 PM. The reserve price is INR 38,00,000, with an EMD of INR 3,80,000 required to participate. This is a legal auction conducted under the SARFAESI Act.
Borrower Name:Sateesh Konala
Auction Type:SARFAESI Auction
Guarantor Names:Konala Pushpa Latha, Illa Srinivas
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Bhimavaram offers potential, but the auction terms and legal details need careful review. The reserve price seems reasonable. Due diligence is advised before bidding.
Contact Details
Branch:Branch Office : Regd office
Service Provider:Public Auction
Contact Details:
Mr.R.Peddabbayee
Contact no:9652519891
