Land for auction 4 Gandhi Nagar, Thimmapuram, Anantapur by Indian Overseas Bank

Prospective homeowners and astute investors are presented with a remarkable opportunity to acquire a residential property located in the serene Thimmapuram village, within the well-established Gandhi Nagar Colony, Krishnagiri District. This offering encompasses a significant 728 sq.ft. of land, notably enhanced by an existing superstructure, providing a tangible foundation for immediate occupancy, renovation, or future redevelopment. The property's strategic location is further defined by clear boundaries, bordered by existing residences and common lanes, suggesting a developed and community-oriented neighborhood ideal for family living. Its designation as a 'Residential' asset category underscores its suitability for building a family home or investing in a locale poised for potential growth. This asset offers an ideal canvas for those looking to customize their living space or secure a valuable addition to their real estate portfolio, benefiting from the intrinsic value of land coupled with an existing structure. Its compact size makes it an accessible entry point into property ownership.

This property is being offered via a transparent SARFAESI Auction conducted by the Indian Overseas Bank, a process known for providing clear titles and a structured acquisition pathway for buyers. The auction is set with a competitive Reserve Price of "667,800.00. Interested bidders are required to submit an Earnest Money Deposit (EMD) of "66,780.00, which is fully refundable to unsuccessful bidders. Mark your calendars for the e-auction on 20th March 2025, commencing at 11:00 AM and concluding at 03:00 PM. Crucially, all applications must be submitted by 05:00 PM on 19th March 2025. The process is facilitated by BAANKNET, ensuring professional execution. For any specific queries or to arrange property visits, prospective buyers are encouraged to contact Mrs. Vani at 8925950968. It is highly recommended to conduct thorough due diligence and review all terms and conditions prior to participation.