Land for auction 1 Mahaboob Nagar, Mehbubnagar, Hyderabad by City Union Bank

This offering features a significant landholding totaling approximately 4.26 acres, strategically located in Vemulnarva Grama, within the Kesampet Mandal of the Shadnagar Sub-District in Mahaboobnagar, Telangana. The property is situated along the Shad Nagar-Kesampet Road, offering excellent connectivity and potential for future development. Specifically, the land comprises three parcels: Ac.2.00 in S.No.575/AA/4, Ac.1.13 in S.No.578/A/A/3, and Ac.1.13 in S.No.578/AA/2. These parcels are clearly demarcated with specific boundaries, including adjacent landholders and road access, providing clear definition. The location in the Mehbubnagar district, near Hyderabad, positions this land asset advantageously within a growing economic region, making it an attractive prospect for various commercial, agricultural, or residential development ventures. The asset category is listed as Residential, hinting at its suitability for housing projects or related infrastructure.

This presents a significant opportunity to acquire a substantial land parcel through a public auction conducted by City Union Bank. The auction, held on February 20, 2025, from 11:00 AM to 1:00 PM, falls under the SARFAESI Act, facilitating the sale of assets to recover bank dues. A crucial aspect for potential buyers is the Earnest Money Deposit (EMD) of ₹8,000,000, which must be submitted by February 19, 2025, 5:00 PM, to be eligible to participate. The reserve price for this extensive land holding is set at ₹80,000,000. Interested parties are encouraged to review all auction documents and terms thoroughly before bidding. For any queries, direct contact can be made via Cell No. 7305049122. This auction process is managed by Public Auction, ensuring transparency and adherence to regulatory guidelines for bank asset sales.