Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611549
Bank Name:Axis Bank
Branch Name:Retail Lending and Payment Group
Reserve Price:₹63,92,247
EMD:₹6,39,225
Bid Increment:₹25,000
Auction Time:11:00 AM to 12:00 Noon
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-12-05
Bid Start Date:2025-12-06
Property Description
This is a residential plot located in Penugonda Mandal, West Godavari, Andhra Pradesh. The property is being auctioned by Axis Bank under SARFAESI proceedings. It is an opportunity to acquire land in a developing region.
State:Andhra Pradesh
City:West Godavari
Area:Penugonda Mandal
Asset Category:Residential
Full Address:N/A, West Godavari District, Penugonda Sub Registry, Penugonda Mandalam, Penugonda Gram Panchyath Area Limits, Penugonda Village Taluk, Cherukuwada Village Taluk, R.S. No. 125/5ata, Door No.27-28, Grama Kantain, Penugonda, West Godavari
Size:662.22 Sq. Yards
Auction Description
Axis Bank is conducting an online SARFAESI auction for a residential plot in Penugonda Mandal, West Godavari, Andhra Pradesh. The auction will take place on December 6, 2025, from 11:00 AM to 12:00 PM. The reserve price is ₹63,92,247, with an EMD of ₹6,39,225. This is a valuable opportunity for investors and individuals looking to purchase property through a bank auction.
Borrower Name:Mrs. Shanthi Lakshmi M
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Hari Gopala Reddy
Legal Details
Possession Status:Physical
Encumbrance Details:NIL
Why This Property
The property in Penugonda presents a calculated opportunity due to its location and mix of property types. While the reserve price aligns with market values, prospective buyers should conduct thorough due diligence. The combination of a plot and flat offers diversification, but regional economic factors should be considered.
Contact Details
Branch:Branch Office : Retail Lending and Payment Group
Service Provider:bankeauctions.com / C1 India
Contact Details:
Mr. Munganda Raju
Contact no:9059527612
