Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612148
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
This offering presents a prime parcel of land located in Proddatur, Kadapa, Andhra Pradesh. Situated in a developing area, this plot represents a significant opportunity for various development projects. The property is being auctioned by City Union Bank under SARFAESI proceedings. Ideal for investors and developers looking to acquire land in a growing region.
State:Andhra Pradesh
City:Kadapa
Area:Proddatur
Asset Category:Residential
Full Address:Survey No. 281/3, Rameswaram Village Fields, Somulavari Palli Panchayat, Proddatur
Size:0.20 Acres
Auction Description
City Union Bank is conducting a SARFAESI auction for a valuable piece of land in Proddatur, Kadapa, Andhra Pradesh. The auction will take place on November 21, 2025, with bidding open from 01:00 PM to 02:00 PM. The reserve price is set at INR 88,00,000, with an Earnest Money Deposit (EMD) of INR 8,80,000 required. This is a unique chance to acquire property through a transparent bank auction process.
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
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This land in Proddatur presents a calculated opportunity due to its location and agricultural potential. While the reserve price seems reasonable, further due diligence is needed to assess the land's productivity and local market conditions. Auction terms are standard, but potential buyers should carefully review encumbrance details.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:08564-255655
