Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:598162
Bank Name:Union Bank of India
Branch Name:Asset Recovery Branch
Reserve Price:₹25,84,000
EMD:₹2,58,400
Auction Time:12.00 Noon To 05.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:29-10-2025 05:00 PM
Bid Start Date:2023-10-30
Property Description
Prime agricultural land located in Ibrahimpatnam, Krishna district, Andhra Pradesh. This plot offers excellent potential for agricultural development or investment, situated in a developing region. The property is being auctioned by Union Bank of India under SARFAESI Act. Title is clear and ready for transfer.
State:Andhra Pradesh
City:Krishna
Area:Ibrahimpatnam
Asset Category:Residential
Full Address:14, Plot No 14, Near to D No.12-63, situated in RS no 220/3A1, 220/3A2, Ibrahimpatnam Village and Panchayat, SRO-Ibrahimpatnam, Ibrahimpatnam, Vijayawada
Size:45.54 sq. Yds
Auction Description
Union Bank of India presents a SARFAESI auction for a valuable parcel of land in Ibrahimpatnam, Krishna, Andhra Pradesh. The auction will commence on 30-10-2025 at 12:00 PM and conclude at 5:00 PM on the same day. The reserve price is set at INR 25,84,000, with an Earnest Money Deposit (EMD) of INR 2,58,400 required to participate. This is a unique opportunity to acquire land in a growing area.
Borrower Name:Mr. Reddycharla Yuvaraju
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The land in Ibrahimpatnam represents a calculated opportunity due to its developing location. With a reserve price of ₹2584000.0, it may appeal to local investors seeking to capitalize on future growth in the area. However, thorough due diligence regarding local market conditions is recommended before bidding.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Authorized Officer
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