Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612141
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹4,00,00,000
EMD:₹40,00,000
Auction Time:04.00 p.m.
Service Provider:Public Auction
Important Dates
Submission Date:21-11-2025 12:00 PM
Bid Start Date:2025-11-21
Property Description
This auction features a prime piece of land located in Proddatur, Kadapa, Andhra Pradesh. Ideal for development, this property offers a significant investment opportunity in a growing region. As part of a SARFAESI auction conducted by City Union Bank, this land presents a chance to acquire a valuable asset.
State:Andhra Pradesh
City:Kadapa
Area:Proddatur
Asset Category:Residential
Full Address:Survey Nos.23 & 73/1A, Proddatur Village Fields, Gopavaram Panchayat, Proddatur Mandal, Proddatur Sub-Distict, Proddatur Registration District, Proddatur Village Fields, Kadapa
Size:2.10 Cents
Auction Description
City Union Bank is holding a SARFAESI auction for a land property in Proddatur, Kadapa, Andhra Pradesh. The auction will take place on November 21, 2025, from 1:00 PM to 2:00 PM. The reserve price for this valuable land is ₹4,00,00,000, with an Earnest Money Deposit (EMD) of ₹40,00,000. This is a unique opportunity to acquire land in a sought-after location. Don't miss out on bidding for this property formerly associated with M/s. Sree Shakthi Cold Storage.
Borrower Name:M/s. Sree Shakthi Cold Storage
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Pathakota Venkata Subba Reddy, Mrs. Pathakota Savitramma, Mr. Pathakota Srinivasulu Reddy, Pathakota Kiran Kumar Reddy
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The land in Proddatur offers a calculated opportunity given its location and size. The reserve price is reasonable, but potential investors should assess local market conditions and future development prospects. It's a good option for those looking for land at auction.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:08564-255655
