Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610229
Bank Name:Indian Bank
Branch Name:BRODIPET BRANCH
Reserve Price:₹72,25,000
EMD:₹7,22,500
Bid Increment:₹10,000
Auction Time:10:00 AM to 0.00 PM
Service Provider:ibapi.in
Important Dates
Submission Date:2025-12-03
Bid Start Date:2025-12-04
Property Description
This is a land auction in Nallapadu, Guntur, Andhra Pradesh, brought to you by Indian Bank under SARFAESI rules. The property is categorized as residential land. The borrower associated with this asset is M/s. Rukmini Emporium. This is a prime opportunity to acquire land in a developing area.
State:Andhra Pradesh
City:Guntur
Area:Nallapadu
Asset Category:Residential
Full Address:Perecherla Village D.No. 476 an extent of Ac. 2.54 cents, D.No. 477 an extent of Ac. 2.05 cents total to Ac. 4.59 cents within that an extent of 500 sq.yds of site which is bounded by (Door No. 9-191/2), Nallapadu, Guntur
Size:500 sq.yds
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential land parcel in Nallapadu, Guntur, Andhra Pradesh. The auction will take place on December 4, 2025, from 10:00 AM to 11:00 AM. The reserve price is set at INR 72,25,000, with an Earnest Money Deposit (EMD) of INR 7,22,500 required to participate. This auction is an excellent chance for investors and individuals looking to purchase land through a transparent banking process.
Borrower Name:M/s. Rukmini Emporium
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Nune Siva Nagi Reddy, Mr. Nune Ravindranath Reddy
Legal Details
Encumbrance Details:NIL
Why This Property
The property, a land in Nallapadu, Guntur, presents a calculated opportunity due to its location and size. The reserve price seems reasonable; however, a thorough due diligence is recommended. Considering the presence of an existing RCC building, the auction terms appear standard.
Contact Details
Branch:Branch Office : BRODIPET BRANCH
Service Provider:ibapi.in
Contact Details:
Contact no:8291220220
