Land for auction Rameswaram Village Proddatur 3 Cr City Union Bank

City Union Bank presents a prime land parcel in Proddatur, Kadapa, Andhra Pradesh, as part of a SARFAESI auction. This valuable asset, previously associated with M/s. Sree Shakthi Cold Storage, is offered for sale with a reserve price of INR 2,95,00,000. The earnest money deposit (EMD) required is INR 29,50,000. Located in a key area of Kadapa district, this land presents a significant opportunity for investors and developers. Its classification as residential, despite the borrower's association with cold storage, suggests potential for diverse development or investment strategies. This is a direct opportunity to acquire land through a transparent bank auction process.

Participate in the City Union Bank SARFAESI Auction for a land property in Proddatur, Kadapa, Andhra Pradesh. The auction is scheduled for November 21, 2025, with bidding commencing at 01:00 PM and concluding at 02:00 PM on the same day. The reserve price is set at INR 2,95,00,000, and interested bidders must submit an EMD of INR 29,50,000. This auction provides a clear and regulated platform to acquire the specified land asset. All eligible bidders are encouraged to review the auction terms and conditions carefully before participating.

The property is a land parcel located in Proddatur with a moderate reserve price. While the location may offer potential, the auction terms and the need for due diligence suggest a calculated approach. The property's investment appeal is based on local market conditions and development potential.