Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612140
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹6,85,00,000
EMD:₹8,00,000
Auction Time:04.00 p.m. for Schedule-K Property
Service Provider:Public Auction
Important Dates
Submission Date:21-11-2025 12:00 PM
Bid Start Date:2025-11-21
Property Description
This is a prime plot of land located in Proddatur, Kadapa district, Andhra Pradesh. Ideal for residential development, this asset is being auctioned by City Union Bank under SARFAESI rules. The property offers a great opportunity for investors and developers in a growing region.
State:Andhra Pradesh
City:Kadapa
Area:Proddatur
Asset Category:Residential
Full Address:Survey No. 23/1B and S.No.73/1A2 Proddatur Village Fields, Gopavaram Grama Panchayat, Gopavaram Panchayat, Proddatur
Size:1.34 Acres
Auction Description
City Union Bank presents a SARFAESI auction for a valuable land parcel in Proddatur, Kadapa. The auction will commence on November 21, 2025, at 01:00 PM and conclude at 02:00 PM on the same day. The reserve price is set at INR 80,00,000, with an Earnest Money Deposit (EMD) of INR 8,00,000. This is a unique chance to acquire land in a sought-after location. For more details, refer to the official auction notice.
Borrower Name:M/s. Sree Shakthi Cold Storage
Auction Type:SARFAESI Auction
Guarantor Names:Pathakota Savitramma, Pathakota Srinivasulu Reddy, Pathakota Kiran Kumar Reddy
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land parcel in Proddatur, presenting a calculated investment opportunity. The reserve price seems reasonable, but potential investors should conduct thorough due diligence and assess local market conditions to make an informed decision.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:08564-255655
