Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613415
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹22,00,000
EMD:₹2,20,000
Auction Time:01.00 p.m.
Service Provider:Public Auction
Important Dates
Submission Date:25-11-2025 12:00 PM
Bid Start Date:2025-11-25
Property Description
This is a residential plot located in Proddatur, Kadapa, Andhra Pradesh. It is being auctioned by City Union Bank as part of a SARFAESI auction. The property is associated with the borrower M/s. Sri Lakshmi Vinayaka Tele Services.
State:Andhra Pradesh
City:Kadapa
Area:Proddatur
Asset Category:Residential
Full Address:105, Plot No.105, Somulavari Palli Panchayat, Proddatur Mandal, Proddatur Sub-District, Proddatur Registration District, YSR Kadapa District. Survey Nos. 115, 112, 129, Rameswaram Village field, Somulavari Palli Panchayat, Proddatur
Size:0.07 Acres
Auction Description
City Union Bank is conducting a SARFAESI auction for a residential plot in Proddatur, Kadapa, Andhra Pradesh. The auction will take place on November 25, 2025, from 01:00 PM to 02:00 PM. The reserve price for this auction is ₹22,00,000, with an Earnest Money Deposit (EMD) of ₹2,20,000 required.
Borrower Name:M/s. Sri Lakshmi Vinayaka Tele Services
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Devathi Pavan Kumar, Mrs. D. Lakshmi Prasanna, Mr. Oruganti Venkata Subbaiah
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This plot in Proddatur presents a calculated opportunity due to its location and price point. While not a prime investment, the reserve price and potential for future development make it worth considering. Further due diligence on local market conditions is advised before bidding.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:08564-255655
