Land for Auction Pennada Gram Panchayath and Village West Godavari 70.6 Lakh by Shriram Finance Ltd 20 Jul 2026
Pennada Gram Panchayath and Village, West Godavari
Area: 290.4 Sq. Yards
D.No.2-144, Assessment No.239, RS No.178/6, Pennada Gram Panchayath and Village, Veeravasaram Sub-District, Palakoderu Mandalam, West Godavari District, Andhra Pradesh
Shriram Finance Ltd · Regd Office : Chennai
Reserve price
₹70,55,100
EMD ₹7,05,510
Auction date
20 Jul 2026, 11:00 AM
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Quick read
- ▸Possession: Symbolic (Subject to outcome of S.A No. 151/2026 pending before DRT, Vishakapatnam)
- ▸Area: 290.4 Sq. Yards
- ▸Locality: Pennada Gram Panchayath and Village
- ▸Reserve: ₹70,55,100
- ▸EMD: ₹7,05,510
Auction snapshot
| Possession | Symbolic (Subject to outcome of S.A No. 151/2026 pending before DRT, Vishakapatnam) |
| Property type | Land · Residential |
| Locality | Pennada Gram Panchayath and Village |
| Built-up / plot area | 290.4 Sq. Yards |
| Lender | Shriram Finance Ltd |
| Branch | Regd Office : Chennai |
| Unit / flat no. | D.No.2-144 |
| Auction type | SARFAESI Auction |
| Bid increment | ₹25,000 |
| Service provider | Samil |
About this property
Land bank auction in Pennada Gram Panchayath and Village, West Godavari by Shriram Finance Ltd — reserve price ₹70,55,100, 290.4 Sq. Yards, Symbolic (Subject to outcome of S.A No. 151/2026 pending before DRT, Vishakapatnam) possession.
Discover a bank auction property: a residential plot with a house (D.No.2-144) and ACC shed, measuring 290.4 Sq. Yards, located at RS No.178/6 in Pennada Gram Panchayath and Village, Veeravasaram Sub-District, Palakoderu Mandalam, West Godavari District, Andhra Pradesh. This attractive property is offered by Shriram Finance Ltd with a reserve price of ₹70.55 Lakhs and an EMD of ₹7.05 Lakhs. The e-auction is scheduled for July 20, 2026, with property inspection available on July 17, 2026. This residential property offers a potential investment opportunity in Palakoderu. Prospective bidders should note the symbolic possession status due to a pending DRT case. Act fast to secure this bank auction property!
GeoSquare note: This property, a residential plot with a house in a semi-urban/rural locality of Palakoderu, West Godavari, presents a fair option given its size and property type. However, the significant caveat of symbolic possession due to a pending DRT case (S.A No. 151/2026) introduces considerable risk, lowering its investment appeal. Buyers should proceed with extreme caution and thorough legal due diligence.
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