Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611984
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹1,60,00,000
EMD:₹16,00,000
Service Provider:Public Auction
Important Dates
Submission Date:20-11-2025 01:00 PM
Bid Start Date:2025-11-20
Property Description
Prime land parcel located in Eluru, West Godavari, Andhra Pradesh. This residential land offers a significant opportunity for development or investment in a rapidly growing region. The property is being auctioned by City Union Bank as part of a SARFAESI action.
State:Andhra Pradesh
City:West Godavari
Area:Eluru
Asset Category:Residential
Full Address:220-12-17, Powerpet Mothevari Satram Street. Opp. Dr. Kanchanamala Hospital (Present Shradda Hospital), Old 14/E Ward, Present 12th Ward, in T.S. No.585, D.No. 220-12-17, Powerpet, Eluru
Size:247-2/9 Yds
Auction Description
City Union Bank is conducting a SARFAESI auction for a valuable land property in Eluru, West Godavari. The auction has a reserve price of INR 1,60,00,000 and requires an EMD of INR 16,00,000. The auction will take place on November 20, 2025, starting at 01:00 PM and concluding at 05:00 PM. This is a unique chance to acquire property through a transparent banking auction process.
Borrower Name:Mr. Erukulapati Srihari
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Erukulapati Aruna, Mr. Erukulapati Sambasivarao
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Eluru and the presence of a tiled house offer potential value. However, the specific condition of the house and the details of the plot require careful due diligence. The price and auction terms make this a calculated opportunity for potential investors.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:0881-2240340
