Land for auction Vetapalem Prakasam 2 Cr State Bank of India

This is a prime piece of land located in Vetapalem, Prakasam, Andhra Pradesh. The property is offered by the State Bank of India through a SARFAESI auction. It represents a significant opportunity for investment or development in a developing region. The land is classified as residential, making it suitable for various purposes. Situated in the heart of Prakasam, this auction presents a unique chance to acquire valuable real estate.

The State Bank of India is conducting a SARFAESI auction for a valuable land parcel in Vetapalem, Prakasam, Andhra Pradesh. The auction will take place on December 11, 2025, starting at 11:00 AM and concluding at 4:00 PM on the same day. The reserve price for this residential land is INR 1,54,00,000, with an Earnest Money Deposit (EMD) of INR 15,40,000 required to participate. This is a direct opportunity from the bank, previously owned by Sri Malempati Madhusudhana Rao.

The land's location in Vetapalem, Prakasam, presents a moderate investment opportunity. While the reserve price is substantial, the plot size and location suggest potential for future development. Investors should carefully assess local market conditions before bidding.