Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610974
Bank Name:Cholamandalam Investment And Finance Company Limited
Branch Name:Corporate Office : Chennai
Reserve Price:₹18,72,000
EMD:₹1,87,200
Bid Increment:₹20,000
Auction Time:10:00:00 HRS TO 16:00:00 HRS
Service Provider:bankauctions.in
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
A prime plot of land located in the Allipuram(N) area of Nellore, Andhra Pradesh. This residential land offers a great opportunity for development or investment in a growing region. The property is being auctioned by Cholamandalam Investment And Finance Company Limited.
State:Andhra Pradesh
City:Nellore
Area:Allipuram(N)
Asset Category:Residential
Full Address:104, 105, 106, 401, Brundavanam Residency, Allipuram Village, Nellore, Allipuram(N), Nellore
Building/Society:Brundavanam Residency
Size:1105.16 Sq Yards
Auction Description
Cholamandalam Investment And Finance Company Limited is conducting a SARFAESI auction for a valuable plot of land in Allipuram(N), Nellore, Andhra Pradesh. The auction will take place on November 19, 2025, from 10:00 AM to 4:00 PM. The reserve price is set at INR 18,72,000, with an Earnest Money Deposit (EMD) of INR 1,87,200 required. This is a unique opportunity to acquire property through a transparent auction process.
Borrower Name:B Tejaswini
Auction Type:SARFAESI Auction
Guarantor Names:B Chandra Sekhar Reddy, B Chinnappa
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This property represents a calculated opportunity due to its location in Allipuram, Nellore, and the inclusion of both a land plot and a residential flat. The reserve price appears reasonable, but potential investors should thoroughly investigate the property's title and encumbrances. This investment carries a moderate risk profile, contingent on detailed due diligence.
Contact Details
Branch:Branch Office : Corporate Office : Chennai
Service Provider:bankauctions.in
Contact Details:
Contact no:8291220220
