Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612146
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹88,00,000
EMD:₹8,80,000
Auction Time:03:00 PM for Schedule-F & G Properties
Service Provider:Public Auction
Important Dates
Submission Date:21-11-2025 12:00 PM
Bid Start Date:2025-11-21
Property Description
City Union Bank presents a valuable land parcel in Proddatur, Kadapa, Andhra Pradesh. This prime real estate, previously associated with M/s. Sree Shakthi Cold Storage, offers significant potential. Located in a developing area, this land is ideal for residential development or investment. Don't miss this opportunity to acquire a substantial asset in a growing region. Secure your stake in this promising property.
State:Andhra Pradesh
City:Kadapa
Area:Proddatur
Asset Category:Residential
Full Address:Survey No.281/3, Rameswaram Village Fields, Rameswaram Village, Proddatur
Size:0.20 Acres
Auction Description
Participate in the SARFAESI auction conducted by City Union Bank for a land property in Proddatur, Kadapa. The auction starts on 21-11-2025 at 01:00 PM and concludes on 21-11-2025 at 02:00 PM. The reserve price is ₹88,00,000, with an EMD of ₹8,80,000. This is a unique chance to bid on a significant land asset. Ensure all pre-auction formalities are completed to participate.
Borrower Name:M/s. Sree Shakthi Cold Storage
Auction Type:SARFAESI Auction
Guarantor Names:Pathakota Savitramma, Pathakota Srinivasulu Reddy, Pathakota Kiran Kumar Reddy
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The land parcel in Proddatur offers potential due to its location and price point. While not a prime investment, the reserve price and location suggest a calculated opportunity for buyers looking to invest in developing areas. Due diligence is recommended to assess local market conditions.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:08564-255655
