Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611139
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹36,00,000
EMD:₹3,60,000
Auction Time:01:00 PM onwards
Service Provider:Public Auction
Important Dates
Submission Date:24-11-2025 12:00 PM
Bid Start Date:2025-11-24
Property Description
This property is a parcel of land located in Guntakal, within the Anantapur district of Andhra Pradesh. It is categorized as residential land and is being auctioned by City Union Bank under the SARFAESI Act. The land offers a potential opportunity for development or investment in the Guntakal area.
State:Andhra Pradesh
City:Anantapur
Area:Guntakal
Asset Category:Residential
Full Address:17/532, D.No. 17/532, Guntakal Municipal Premises, Guntakal, Anantapur District, Thimmanacheria Village, Guntakal
Size:165 Square Yards
Auction Description
City Union Bank is conducting a SARFAESI auction for a valuable parcel of residential land in Guntakal, Anantapur, Andhra Pradesh. The auction will take place on November 24, 2025, from 01:00 PM to 02:00 PM. The reserve price is set at ₹36,00,000, with an Earnest Money Deposit (EMD) of ₹3,60,000 required to participate. This is a prime opportunity to acquire land in a developing region.
Borrower Name:M/s. Sree Tejaswini Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Mr. K. Kiran Kumar Naidu, Mrs K.Vijayalakshmi, Mrs. K. Lakshmi Devi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land parcel in a developing area, offered at a reasonable reserve price. While Guntakal may not be a prime metropolitan area, the auction terms are standard, and the location holds potential for future appreciation. This represents a calculated opportunity for investors seeking land at a manageable entry point.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:08552-220888
