Plot for auction Kandukur Town Nellore 24 lakh Bank of India

This auction features a prime plot of land located in Kandukur Town, Nellore, Andhra Pradesh. Situated in a developing area, this residential land parcel offers an excellent opportunity for future development or investment. The property is being auctioned by the Bank of India under SARFAESI Act. Its strategic location provides good connectivity and potential for appreciation. Ideal for individuals or developers looking to acquire land in a growing region.

Bank of India presents a SARFAESI auction for a valuable plot of land in Kandukur Town, Nellore, Andhra Pradesh. The auction will be held online on December 9, 2025, from 11:00 AM to 5:00 PM. The reserve price for this property is ₹23,96,000, with an Earnest Money Deposit (EMD) of ₹2,39,600 required to participate. This is a unique chance to acquire a residential land parcel directly from the bank. Prospective bidders are advised to review all auction terms and conditions prior to bidding.

The land's location in Kandukur, a developing town in Nellore, offers moderate investment potential. The reserve price is reasonable, but potential investors should conduct thorough due diligence. The auction terms are standard, making it a calculated risk for informed investors.