Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614492
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹10,00,000
EMD:₹1,00,000
Service Provider:Public Auction
Important Dates
Submission Date:25-11-2025 12:00 PM
Bid Start Date:2025-11-25
Property Description
This is a prime land parcel located in Ibrahimpatnam, Krishna, Andhra Pradesh. The property is categorized as residential land and is being auctioned by City Union Bank under the SARFAESI Act. Situated in a developing area, this land presents a valuable investment opportunity for those looking to acquire property in this region. Its specific location details and boundaries will be provided in the full auction documents.
State:Andhra Pradesh
City:Krishna
Area:Ibrahimpatnam
Asset Category:Residential
Full Address:GS-63, Vasavi Pharma Market Complex Welfare Society, R.S.Nos. 188/1 & 534/1, Nearest Old D.Nos 23-41/4 & 23-46, Ibrahimpatnam, Ibrahimpatnam, Vijayawada
Building/Society:Vasavi Pharma Market Complex Welfare Society
Size:155 sq yards
Auction Description
City Union Bank is conducting a SARFAESI auction for a residential land property in Ibrahimpatnam, Krishna, Andhra Pradesh. The auction will commence on November 25, 2025, at 1:00 PM and conclude at 5:00 PM on the same day. The reserve price for this land is INR 10,00,000, with an Earnest Money Deposit (EMD) of INR 1,00,000 required to participate. This is a significant opportunity to purchase land in a developing locale, offered by the bank due to the borrower, Mis. Anjaneya Medicals, defaulting on their obligations.
Borrower Name:Mis. Anjaneya Medicals
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Atyam Hemanth Kumar, Mrs. Atyam Venkata Kanya Kumari
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a mixed opportunity, combining land and a commercial shop. The location in Ibrahimpatnam, Vijayawada, offers potential, but the auction terms and 'as-is-where-is' condition require careful due diligence. A score of 6.8 reflects the calculated risk versus reward.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:0866-2566100
