Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609136
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹1,10,00,000
EMD:₹11,00,000
Auction Time:01.00 p.m
Service Provider:Public Auction
Important Dates
Submission Date:19-11-2025 12:00 PM
Bid Start Date:2025-11-19
Property Description
This auction features a prime parcel of land located in Srikakulam, Andhra Pradesh. Situated in a well-established area, this residential plot offers an excellent opportunity for development or investment. The property is being auctioned by City Union Bank under SARFAESI rules. Its location in Srikakulam ensures accessibility and proximity to essential amenities. Ideal for those looking to acquire land in a growing region.
State:Andhra Pradesh
City:Srikakulam
Area:Srikakulam
Asset Category:Residential
Full Address:Gynati Veedhi Western side, Patha Srikakulam Ward, Srikakulam Municipality, Patha Srikakulam Ward, Gynati Veedhi, Srikakulam
Size:171.67 Sq. yards
Auction Description
City Union Bank presents a SARFAESI auction for a valuable land parcel in Srikakulam, Andhra Pradesh. The auction is scheduled to take place on November 19, 2025, with bidding open from 01:00 PM to 02:00 PM. The reserve price is set at 1,10,00,000 INR, and the Earnest Money Deposit (EMD) required is 11,00,000 INR. This is a single opportunity to bid on this significant asset. Ensure all pre-auction formalities are completed to participate.
Borrower Name:M/s SSR Agencies
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Simhadri Nageswara Rao, Mr. S. Achyuta Rao, Mrs. S. Vijayalakshmi, Mrs. S. Dhanalakshmi, Mr. Simhadri Krishnam Raju, M/s. Sri Sai Tirumala Enterprises
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a calculated opportunity due to its location in Srikakulam. The reserve price may be competitive for the area, warranting further investigation into market conditions and potential returns. Auction terms are standard, requiring careful assessment of associated costs and encumbrances.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:08942-228311
