Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609061
Bank Name:Aditya Birla Capital
Branch Name:Regional Office : Veraval
Reserve Price:₹7,88,30,000
EMD:₹78,83,000
Bid Increment:₹1,00,000
Service Provider:drt.auctiontiger.net
Important Dates
Submission Date:17-11-2025 05:00 PM
Bid Start Date:2025-11-18
Property Description
A significant land parcel located in Ongole, Prakasam, Andhra Pradesh. This asset, categorized as Residential, presents a unique investment opportunity. The property is being auctioned by Aditya Birla Capital under the SARFAESI Act. Situated in a developing region, this land holds potential for various residential development projects. Its strategic location within Ongole ensures accessibility and future growth prospects.
State:Andhra Pradesh
City:Prakasam
Area:Ongole,
Asset Category:Residential
Full Address:2-164, Prakasam District, Ongole Sub-District, Maddipadu Mandal, Maddipadu Gram Panchayat, Maddipadu Village Survey No. 88/1, Maddipadu Village, Ongole
Size:242 Sq. Yards
Auction Description
Aditya Birla Capital is conducting a SARFAESI auction for a prime land property in Ongole, Prakasam, Andhra Pradesh. The auction will take place on November 18, 2025, commencing at 11:00 AM and concluding at 12:00 PM. The reserve price for this valuable asset is INR 7,88,30,000, with an Earnest Money Deposit (EMD) of INR 78,83,000 required to participate. This is a compelling opportunity to acquire a substantial land holding in a growing area.
Borrower Name:M/s. Spectra India Eco Projects Private Limited
Auction Type:SARFAESI Auction
Guarantor Names:Amor Estates Private Limited, APIS Realtors Private Limited, Spectra India Housing Private Limited, Mr. Mariyala Jagan Mohan, Mr. Arun Kumar Gampa, Mr. Ravi Kiran Paka, Mr. Rajendra Prasad Peddapally, Mr. Vasudev Rao Gonega, Mr. Pankaj Kumar Jha
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land parcel located in Ongole, presenting a calculated opportunity due to its location and size. The reserve price is relatively high. Further due diligence is recommended to assess potential risks and rewards.
Contact Details
Branch:Branch Office : Regional Office : Veraval
Service Provider:drt.auctiontiger.net
Contact Details:
Authorized Officer
Contact no:9599108393/9710457535
