Property for Auction in Palasa, Srikakulam, Andhra Pradesh
Auction ID:545238
Bank Name:State Bank of India
Branch Name:SARB - Visakhapatnam
Reserve Price:₹12,60,000
EMD:₹1,26,000
Service Provider:BAANKNET
Submission Date:06-08-2025 04:00 PM
Bid Start Date:07-08-2025 11:00 AM
This offering is for a residential property consisting of land and a building, located in Palasa, Srikakulam district, Andhra Pradesh. The property is being auctioned by the State Bank of India under the SARFAESI Act. It represents a significant real estate opportunity in a developing region. The site is suitable for various purposes and offers potential for development or personal use. Further details regarding the specific dimensions and condition of the land and building can be obtained from the auction notice.
State:Andhra Pradesh
City:Srikakulam
Area:Palasa
Asset Category:Residential
State Bank of India presents a SARFAESI auction for land and building in Palasa, Srikakulam, Andhra Pradesh. This is a prime opportunity to acquire a property formerly associated with M/s. Sri Rama Traders. The auction will commence on August 7, 2025, at 11:00 AM and conclude at 4:00 PM on the same day. The reserve price is set at ₹12,60,000, with an Earnest Money Deposit (EMD) of ₹1,26,000 required to participate. Don't miss this chance to invest in a valuable asset.
Borrower Name:M/s. Sri Rama Traders
Auction Type:SARFAESI Auction
Authorised Officer's Details: Name: Mr. Y. Srikant (Chief Manager) Mobile No : 8099444378