Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609137
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹1,75,00,000
EMD:₹17,50,000
Auction Time:01:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
This auction features a valuable parcel of land located in the prime area of Srikakulam, Andhra Pradesh. Ideal for residential development, this plot offers significant potential in a growing region. The property is being offered by City Union Bank through a SARFAESI auction. It represents a unique opportunity for investors and developers to acquire a substantial land holding.
State:Andhra Pradesh
City:Srikakulam
Area:Srikakulam
Asset Category:Residential
Full Address:R.S.No. 182/112, T.S.No. 79/1, R.S.No. 182/114P, TS.No. 79/2, R.S.No. 182/115, T.S.No. 79/3, R.S.No. 182/112, TS.No. 79/1, State Bank Colony, Beside Kalinga Road, Arasavalli, State Bank Colony, Srikakulam
Size:244.75 Sq.yards
Auction Description
City Union Bank is conducting a SARFAESI auction for a land parcel in Srikakulam, Andhra Pradesh. The auction will take place on November 19, 2025, between 01:00 PM and 02:00 PM. The reserve price for this residential land is ₹1,75,00,000, with an Earnest Money Deposit (EMD) of ₹17,50,000 required to participate. This is a prime opportunity to acquire a significant asset in Srikakulam.
Borrower Name:M/s SSR Agencies
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Simhadri Nageswara Rao, Mr. S. Achyuta Rao, Mrs. S. Vijayalakshmi, Mrs. S. Dhanalakshmi, Mr. Simhadri Krishnam Raju, M/s Sri Sai Tirumala Enterprises
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a plot of land in Srikakulam, offered at a reserve price of ₹1,75,00,000. While land investments can be lucrative, the specific location and auction terms suggest a need for careful evaluation before bidding. This is a calculated opportunity.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:08942-228311
