Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609508
Bank Name:Karur Vysya Bank
Branch Name:Asset Recovery Branch
Reserve Price:₹54,00,000
EMD:₹5,40,000
Bid Increment:₹54,000
Service Provider:bankauctions.in
Important Dates
Submission Date:02-12-2025 05:00 PM
Bid Start Date:2025-12-03
Property Description
A residential plot located in Maheshwaram, Ranga Reddy, Telangana. This asset is part of a SARFAESI auction conducted by Karur Vysya Bank. The property is associated with borrower Mr Korravath Gopal Nayak.
State:Telangana
City:Ranga Reddy
Area:Maheshwaram
Asset Category:Residential
Full Address:160, GREEN CITY ELITE HOMES PVT LTD, Open Plot bearing No.160, Survey No.109/A, in DTCP approved layout LP No.61/2006/H2, situated at GREEN CITY ELITE HOMES PVT LTD, Nandupally Revenue Village and Nagaram Gram Panchayat, Nandupally, Maheshwaram
Building/Society:GREEN CITY ELITE HOMES PVT LTD
Size:450.00 sq.yards
Auction Description
Karur Vysya Bank is conducting a SARFAESI auction for a residential plot in Maheshwaram, Ranga Reddy, Telangana. The auction will take place on December 3, 2025, from 11:00 AM to 12:00 PM. The reserve price for this plot is ₹54,00,000, with an Earnest Money Deposit (EMD) of ₹5,40,000 required to participate.
Borrower Name:Mr Korravath Gopal Nayak
Auction Type:SARFAESI Auction
Guarantor Names:Mr Korravath Gopal Nayak, Mr Korravath Gopal Nayak, Mrs.Korravath Gujri, Mr. Korravath Ravi Jayak, Mr Korravath Ramesh Nayak, Mr Korravath Raju Nayak
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The plot's location in Maheshwaram, a developing area of Ranga Reddy, presents a calculated opportunity. While the reserve price is moderate, the potential for future appreciation due to the area's growth makes it a worthwhile consideration. Investors should conduct thorough due diligence on local development plans and market trends.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:bankauctions.in
Contact Details:
Sri N Venkata Sesha Giridhar
Contact no:9100072161
