Land for auction B Isnapur Villa, patancheru, Medak by Canara

Prospective homeowners and developers are presented with a unique investment opportunity: an expansive parcel of open land spanning 5 acres and 3 guntas, equating to approximately 24,563 square yards, located in the rapidly developing Isnapur Village, Patancheru Mandal, Medak District, Telangana. This prime land, designated for residential use, offers substantial potential for constructing a premium residential complex or a bespoke private estate. Its strategic location in Patancheru, a prominent industrial and residential hub, ensures excellent connectivity and access to essential amenities, making it a highly desirable asset. The property's clear demarcation, bordered by agricultural land to the North and East, a boundary wall of Cecon Promenade layout to the South, and neighbours' barren land to the West, provides a well-defined and accessible site. This offering represents a significant chance to acquire a sizable land asset in a region poised for continued growth.

This significant land parcel is being offered through a SARFAESI auction conducted by Canara Bank's SAM Branch, Secunderabad, an established and transparent process for distressed asset sales, ensuring clear title transfer upon successful acquisition. The auction has a reserve price set at INR 21,88,00,000, with a mandatory Earnest Money Deposit (EMD) of INR 2,18,80,000 required to participate, which is typically a percentage of the reserve price and refundable to unsuccessful bidders. The e-auction is scheduled for February 12, 2025, from 11:30 AM to 12:30 PM, with the final application submission deadline on February 11, 2025, by 5:00 PM. Prospective bidders are strongly encouraged to conduct thorough due diligence and may contact the bank's representatives at 9848174804 or 9963737045 for any clarifications or site visits. This structured auction provides a secure pathway for new buyers to acquire a valuable asset.