Land for auction Rameswaram Village Proddatur 85 lakh City Union Bank

This is a SARFAESI auction by City Union Bank for a valuable plot of land located in Proddatur, Kadapa district, Andhra Pradesh. The property is categorized as residential land, offering a great opportunity for development or investment. Situated in a growing area, this parcel presents potential for various uses. The auction is being conducted by City Union Bank for the property associated with borrower M/s. Sree Shakthi Cold Storage.

City Union Bank is pleased to announce a SARFAESI auction for a prime plot of residential land in Proddatur, Kadapa, Andhra Pradesh. The auction will take place on November 21, 2025, commencing at 1:00 PM and concluding at 2:00 PM. The reserve price for this attractive property is ₹85,00,000, with an Earnest Money Deposit (EMD) of ₹8,50,000 required. This is a unique opportunity to acquire land in a developing region. All interested parties are encouraged to participate in this online auction event.

The property is a land parcel in a rural setting with a relatively moderate reserve price. While the location might limit immediate development potential, the price point and agricultural use could attract local investors. Further due diligence is recommended to assess local market conditions and potential for future appreciation.