Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:598040
Bank Name:Union Bank of India
Branch Name:Regional Office
Reserve Price:₹61,00,000
EMD:₹6,10,000
Bid Increment:₹61,000
Auction Time:12:00 Noon to 05:00 P.M
Service Provider:BAANKNET
Important Dates
Submission Date:29-10-2025 05:00 PM
Bid Start Date:2025-10-30
Property Description
This is a residential land and building property located in Srikakulam, Andhra Pradesh. The property is being auctioned by Union Bank of India under the SARFAESI Act. It presents a valuable opportunity for buyers seeking a real estate investment in a developing region. The property is situated in the city of Srikakulam, making it accessible and part of the local community infrastructure.
State:Andhra Pradesh
City:Srikakulam
Area:Srikakulam
Asset Category:Residential
Full Address:377, APH Colony, MIG H No: 377, S No: 773/1A part, Asst No: 1085013557, Electricity Sc No: 18827, Near ZP Office, APHP Colony, Old Srikakulam Ward, Old Srikakulam, Srikakulam
Building/Society:APH Colony
Size:307.12 Sq yards
Auction Description
Union Bank of India is conducting a SARFAESI auction for a residential land and building property in Srikakulam, Andhra Pradesh. The auction will commence on October 30, 2025, at 12:00 PM and conclude at 5:00 PM on the same day. The reserve price for this auction is INR 61,00,000, with an Earnest Money Deposit (EMD) of INR 6,10,000 required to participate. This is a significant opportunity to acquire property through a transparent bank auction process.
Borrower Name:M/s Sri Satya Sai Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Simhadri Lakshmana Dash
Legal Details
Encumbrance Details:NIL
Why This Property
The property's location in Srikakulam, combined with its residential nature and reasonable reserve price, makes it a strong investment opportunity. The clear auction terms and lack of known encumbrances further enhance its appeal.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Authorised Officer & Chief Manager
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