Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610767
Bank Name:Indian Bank
Branch Name:Regional office
Reserve Price:₹27,90,000
EMD:₹2,79,000
Bid Increment:₹50,000
Auction Time:11:00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This is a land parcel located in Sathyavedu, Chittoor, Andhra Pradesh, being auctioned by Indian Bank under the SARFAESI Act. The property is categorized as residential land. It is offered as part of a bank auction, presenting a potential opportunity for investment or development in the region. Further details regarding the exact size and location specifics should be obtained from the official auction documents.
State:Andhra Pradesh
City:Chittoor
Area:Sathyavedu
Asset Category:Residential
Full Address:Plot No.6, LUMBINI TOWNSHIP, Chittoor District, Sri Tirupati Balaji Registration District, Satyavedu Sub-District, Varadaiahpalem Mandal, Matherimitta Gram Panchayat, Chilamathuru Village Accounts, Sy. Nos 267-3, 267-5, 267-6, 267-7,268-2, 268-38, 268-5, 268-6, 268-7,268-8, 268-9,268-10,268-11,268-12, 268-13,268-14, 268-15, 268-23, Sathyavedu, Chittoor
Building/Society:LUMBINI TOWNSHIP
Size:855 sq. yards
Auction Description
Indian Bank is conducting an e-auction for a residential land property in Sathyavedu, Chittoor, Andhra Pradesh, under SARFAESI provisions. The auction will take place on November 19, 2025, from 11:00 AM to 4:00 PM. The reserve price is set at INR 27,90,000, with an Earnest Money Deposit (EMD) of INR 2,79,000 required to participate. This auction is an opportunity to acquire a property directly from the bank. Interested bidders are advised to review all auction terms and conditions.
Borrower Name:Mr Pinnaka Seetharamaiah
Auction Type:SARFAESI Auction
Guarantor Names:Mr Kurapati Prasad
Legal Details
Possession Status:Physical
Encumbrance Details:NIL
Why This Property
The property presents a calculated opportunity due to its location in Sathyavedu, a developing area, combined with the affordable reserve price. The presence of both land and apartment gives more value. However, the auction terms and specific location details require further investigation, justifying a 'Calculated Opportunity' rating.
Contact Details
Branch:Branch Office : Regional office
Service Provider:BAANKNET
Contact Details:
Sanjeeb Minz
Contact no:9642056499
