Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614216
Bank Name:Union Bank of India
Branch Name:Asset Recovery Branch
Reserve Price:₹1,35,14,000
EMD:₹13,51,400
Bid Increment:₹1,35,200
Auction Time:12:00 Noon to 5:00 P.M
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
This is a SARFAESI auction for a residential plot located in Hanamkonda, Warangal, Telangana. The property is being auctioned by the Union Bank of India. The plot offers a prime location within the city.
State:Telangana
City:Warangal
Area:Hanamkonda
Asset Category:Residential
Full Address:47, 47/1 & 47/2, Sapthagiri Colony, Phase-II, Plot No.47, 47/1 & 47/2, in Sy. No.12 (New), 915 (Old), Sapthagiri Colony, Phase-II, Road No.6, Waddepally, Hanamkonda City & Dist, Waddepally, Hanamkonda
Building/Society:Sapthagiri Colony, Phase-II
Size:466.00 Sq yards
Auction Description
Union Bank of India is conducting a SARFAESI auction for a residential plot in Hanamkonda, Warangal. The auction will take place on November 28, 2025, starting at 12:00 PM and ending at 05:00 PM. The reserve price is ₹1,35,14,000.00, with an Earnest Money Deposit (EMD) of ₹13,51,400.00 required to participate. This is an excellent opportunity to acquire a property in a desirable location. The borrower for this asset is M/S Shareef & Co.
Borrower Name:M/S Shareef & Co
Auction Type:SARFAESI Auction
Guarantor Names:Mohd Iliyas Sharif Asif S/o Mohd Shareed, Khaja Tajul Abideen, Khaja Tajul Abideen
Legal Details
Possession Status:Symbolic
Encumbrance Details:Claim by Third party, subject building property is in position of Smt. Munavath Sujatha and tax receipt is in the name of M/s Vinayaka Agarbathis Rep by Smt. Munavath Sujatha
Why This Property
The property, a plot in Hanamkonda, presents a calculated investment opportunity due to its location and reserve price. While the location is promising, potential legal encumbrances need careful consideration. The auction terms and location suggest a moderate risk-reward profile.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9987321173/9885599551
