Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612098
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹1,05,00,000
EMD:₹10,50,000
Auction Time:11:00A.M to 11.20A.M
Service Provider:Auctionbazaar
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
This is a prime residential plot located in the developing area of Badangpet, Hyderabad, Telangana. The property is being auctioned by Karnataka Bank under SARFAESI guidelines. It offers a great opportunity for investment or building your dream home in a well-connected locality. The plot is part of a bank auction initiated due to loan default by the borrower, Mr. Prem Kumar.
State:Telangana
City:Hyderabad
Area:Badangpet
Asset Category:Residential
Full Address:35, Plot No. 35, Sy. No. 52, Nadergul Village, Balapur Mandal, Ranga Reddy District, Badangpet, Hyderabad
Size:150 Sq Yds
Auction Description
Karnataka Bank is conducting a SARFAESI auction for a residential plot in Badangpet, Hyderabad. The auction starts on December 10, 2025, at 11:00 AM and concludes at 01:00 PM on the same day. The reserve price is set at ₹1,05,00,000, with an Earnest Money Deposit (EMD) of ₹10,50,000 required to participate. This is a significant opportunity to acquire a valuable asset in Telangana.
Borrower Name:Mr. Prem Kumar
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Surendra Kumar, Mrs. Raman Ramesh Kherde
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential plot in a developing area of Hyderabad, making it a reasonable investment. The reserve price seems fair for the location, but further due diligence is needed to assess the growth potential and local market conditions. A calculated approach is advised.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Contact no:7286908690
