Land for auction 10 Narasaraopet Narasaraopet Guntur by City Union Bank

Nestled in the vibrant locality of Narasaraopet, Guntur district, Andhra Pradesh, this property is a substantial house site offering significant potential for discerning buyers. Spanning an extent of 0.10 Cents, which equates to 484 square yards or 406.56 square meters, it represents a considerable plot in a developing area. The land is legally described as being within Narasaraopet RD and SRD, part of the Ravipadu Gram Panchayat, and is identified by D. No. 175/B. Its boundaries are clearly defined, being East: Yeddanapali Anthaiah (30), South: Yeddanapali Sowraiah (145-2), West: Road (30), and North: Pudota Jojaiah (145-2). This strategic location benefits from proximity to local amenities and transportation networks, making it an attractive proposition for residential or commercial development. The property is categorized as residential and is being offered as a land and building, suggesting existing structures that may require renovation or redevelopment, thus providing a chance to create a bespoke living space or investment.

This auction presents a unique opportunity to acquire a residential property located in Narasaraopet, Guntur, Andhra Pradesh. The property is a house site measuring 0.10 Cents or 484 square yards (406.56 sq. meters). Situated within the Narasaraopet RD and SRD of Narasaraopet Mandal, Ravipadu Gram Panchayat, it offers a promising canvas for development or as a personal residence. The auction is being conducted by City Union Bank under the SARFAESI Act, a standard procedure for property recovery. The reserve price is set at INR 2,200,000, with an Earnest Money Deposit (EMD) of INR 220,000 required to participate. Prospective buyers are encouraged to conduct thorough due diligence regarding the property's legal status, dimensions, and any encumbrances prior to the auction date. The auction is scheduled to take place on July 31, 2025, commencing at 11:00 AM and concluding at 1:00 PM. For any queries, you can contact the Credit Recovery and Management Department at 08647-221777 or 9393824509.