Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611843
Bank Name:ICICI Bank
Branch Name:Regional Office
Reserve Price:₹67,00,000
EMD:₹6,70,000
Auction Time:10:30 AM to 11:30 AM
Service Provider:matex.net
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
A prime residential plot located in Madanapalle, Chittoor, Andhra Pradesh, is being auctioned by ICICI Bank. This SARFAESI auction presents a fantastic opportunity to acquire land in a developing area. The property is situated within the state of Andhra Pradesh, known for its growing infrastructure and economic prospects. Ideal for residential development, this plot offers significant potential for future value appreciation. Its location in Madanapalle, Chittoor, provides access to local amenities and connectivity.
State:Andhra Pradesh
City:Chittoor
Area:Madanapalle
Asset Category:Residential
Full Address:5, Ex Service Man Colony (Military Colony), Ward No.2, Ex Service Man Colony (Military Colony). Door No. 2-250-B-17-5 RCC House in S.No.8-3, Plot No. 5, Bandameeda Kammpalli Village, Madanapalle
Building/Society:Ex Service Man Colony (Military Colony)
Size:133.33 Sq.Yds
Auction Description
ICICI Bank is conducting a SARFAESI auction for a residential plot in Madanapalle, Chittoor, Andhra Pradesh. The auction will take place on December 10, 2025, with bidding open from 10:30 AM to 11:30 AM. The reserve price for this property is ₹67,00,000, and the Earnest Money Deposit (EMD) required is ₹6,70,000. This is a limited-time opportunity to bid on a valuable asset directly from the bank. Interested parties are encouraged to review all auction terms and conditions prior to participation.
Borrower Name:M/s. Indian Agencies
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Syed Imran, Mrs. Shaik Meharunnisa
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The plot in Madanapalle offers a good investment opportunity due to its location and size, but the reserve price requires careful evaluation. Auction terms seem standard. It is recommended as a Calculated Opportunity, contingent on a thorough market analysis.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:matex.net
Contact Details:
Contact no:8008999536/9326713629
