Land for auction 103 Purushotamapatnam Villa, Purushothapatnam, Guntur by City Union Bank

This SARFAESI auction, conducted by City Union Bank, offers a valuable residential land parcel in Purushothapatnam, Guntur. The auction has a reserve price of ₹18,00,000, with an Earnest Money Deposit (EMD) of ₹1,80,000 required to participate. Bidders must submit their applications by 05:00 PM on July 30, 2025. The auction will commence on July 31, 2025, at 11:00 AM and conclude at 01:00 PM on the same day. For any queries regarding this property or the auction process, interested parties can contact the Credit Recovery and Management Department at City Union Bank via telephone at 08647-221777 or mobile at 9393824509. It is crucial for prospective buyers to conduct thorough due diligence on the property and understand the auction terms and conditions before placing any bids. This event is managed by Public Auction, ensuring a transparent bidding process.

This exceptional opportunity presents a prime piece of land, totaling 580.75 square yards (5226.75 square feet), situated in the burgeoning area of Purushothapatnam, Guntur, within the state of Andhra Pradesh. Located in Narasaraopet Registration District, under the Chilakaluripet Sub-Registrar Office, this residential plot offers significant potential for development. The property is strategically positioned within the Chilakaluripet Municipal Area, specifically at D.No. 37/4, 37/5, Door No. 10-1. Its boundaries are clearly defined: to the east lies the Pentela Atcharmma site, to the south is Budati Ramesh's site, the west is bordered by a 25-foot bazaar, and to the north is Pallapu Venkata Rao's site. This land is an ideal canvas for building your dream home or for a strategic investment, given its accessible location and the inherent growth prospects of the Guntur region. Understanding the nuances of bank auctions can unlock significant value for discerning buyers.