Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610230
Bank Name:Indian Bank
Branch Name:BRODIPET BRANCH
Reserve Price:₹3,96,10,000
EMD:₹39,61,000
Bid Increment:₹10,000
Auction Time:10:00 AM to 02:00 PM
Service Provider:ibapi.in
Important Dates
Submission Date:2025-12-03
Bid Start Date:2025-12-04
Property Description
Prime land parcel located in Nallapadu, Guntur, Andhra Pradesh. This residential land is being auctioned by Indian Bank under SARFAESI Act. It represents an excellent opportunity for development or investment in a growing area. The property is situated in a desirable locality within Guntur city.
State:Andhra Pradesh
City:Guntur
Area:Nallapadu
Asset Category:Residential
Full Address:D.No. 490/1A, Pedapalakaluru Village, Nallapadu, Guntur
Size:2.33 Ac. cents
Auction Description
Indian Bank is conducting an online SARFAESI auction for a valuable land asset in Nallapadu, Guntur. The auction will take place on December 4, 2025, from 10:00 AM to 11:00 AM. The reserve price is INR 3,96,10,000, with an Earnest Money Deposit (EMD) of INR 39,61,000. This is a unique chance to acquire property directly from the bank.
Borrower Name:M/s. Rukmini Emporium
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Nune Siva Nagi Reddy, Mr. Nune Ravindranath Reddy
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The property's location in Nallapadu, Guntur, offers potential due to its agricultural nature. With a reserve price of ₹39610000.0, it requires a significant investment. Given the symbolic possession, careful due diligence is essential before participating in the auction.
Contact Details
Branch:Branch Office : BRODIPET BRANCH
Service Provider:ibapi.in
Contact Details:
Contact no:8291220220
