Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611729
Bank Name:Indian Bank
Branch Name:TIRUPATHI BRANCH
Reserve Price:₹56,05,000
EMD:₹5,60,500
Bid Increment:₹20,000
Auction Time:10:00:00 HRS TO 16:00:00 HRS
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
Prime agricultural land measuring 11 cents located in the rapidly developing area of Tirupati, Chittoor district, Andhra Pradesh. This property, formerly owned by Sri T Venkatesh Babu, offers excellent potential for agricultural development or future residential expansion. Situated in a sought-after region, it presents a valuable investment opportunity. Proximity to Tirupati town ensures access to amenities and transportation links.
State:Andhra Pradesh
City:Chittoor
Area:Tirupati
Asset Category:Residential
Full Address:SARATHI SHELTERS, Sy. No. 139/1, Tiruchanur road, Residential area, Tiruchanur Road, Tirupati
Building/Society:SARATHI SHELTERS
Size:1133.33 Sq. Yards
Auction Description
Indian Bank presents a SARFAESI auction for a valuable parcel of land in Tirupati, Chittoor, Andhra Pradesh. The auction will commence on November 19, 2025, at 10:00 AM and conclude at 4:00 PM on the same day. The reserve price is set at ₹56,05,000, with an Earnest Money Deposit (EMD) of ₹5,60,500 required to participate. This is a fantastic opportunity to acquire land in a growing region through a transparent bank auction process.
Borrower Name:Sri T Venkatesh Babu
Auction Type:SARFAESI Auction
Guarantor Names:Smt V G Manjula
Legal Details
Possession Status:Symbolic
Encumbrance Details:Except for Tirupati Branch
Why This Property
The property includes both land and a flat, presenting a mixed investment profile. The location in Tirupati is promising, but the specific terms and encumbrances should be carefully evaluated before bidding. A score of 6.5 reflects moderate potential with manageable risk.
Contact Details
Branch:Branch Office : TIRUPATHI BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
