Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610431
Bank Name:State Bank of India
Branch Name:Stressed Assets Recovery Branch
Reserve Price:₹1,53,00,000
EMD:₹15,30,000
Bid Increment:₹20,000
Auction Time:11:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:26-11-2025 05:00 PM
Bid Start Date:2025-11-27
Property Description
This is a prime plot of land located in the Penamaluru area of Krishna district, Andhra Pradesh. The property is being auctioned by the State Bank of India under SARFAESI regulations. Ideal for residential development, this land offers a significant investment opportunity in a developing region. Don't miss the chance to acquire this valuable asset.
State:Andhra Pradesh
City:Krishna
Area:Penamaluru
Asset Category:Residential
Full Address:RS No: 168/2, 3 part of Kanuru, Penamaluru Mandal, Krishna District, Kanuru, Penamaluru
Size:18806.78 sq yards
Auction Description
State Bank of India presents a SARFAESI auction for a valuable land parcel in Penamaluru, Krishna, Andhra Pradesh. The auction has a reserve price of INR 1,53,00,000 and an Earnest Money Deposit (EMD) of INR 15,30,000. Bidding opens on November 27, 2025, at 11:00 AM and closes at 04:00 PM on the same day. Secure your opportunity to own this land by participating in this transparent auction process.
Borrower Name:Smt. Vuggirala Lakshmi
Auction Type:SARFAESI Auction
Guarantor Names:Sri Vuggirala Jaswanth, Sri Vuggirala Abhishek, Sri Vuggirala Lokamanya
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a combination of land and a commercial/residential flat in a developing locality. The reserve price seems reasonable given the size of the land and flat, but a thorough due diligence of the property and local market conditions is recommended. The auction terms are standard, making it a calculated investment opportunity.
Contact Details
Branch:Branch Office : Stressed Assets Recovery Branch
Service Provider:BAANKNET
Contact Details:
Sri Y. Mukteswara Rao
Contact no:8886640777
