Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611348
Bank Name:Kotak Mahindra Bank
Branch Name:Registered Office: Mumbai
Reserve Price:₹1,05,71,085
EMD:₹10,57,108
Bid Increment:₹50,000
Auction Time:11:00 AM to 12:00 PM
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-26
Property Description
Prime residential plot located in Proddatur, Kadapa, Andhra Pradesh. This SARFAESI auction property, offered by Kotak Mahindra Bank, presents an excellent investment opportunity. Situated in a developing area, the plot is ideal for residential construction. Its location in Kadapa district ensures good connectivity and potential for future appreciation. Don't miss this chance to acquire a valuable asset.
State:Andhra Pradesh
City:Kadapa
Area:Proddatur
Asset Category:Residential
Full Address:C 4, YMR Colony, D No. 3/313, Plot No. C 4, YMR Colony, in SY No. 307/18, Proddutur Kadapa Dist, YMR Colony, Proddutur
Building/Society:YMR Colony
Size:3 cents 60 SQ links
Auction Description
Kotak Mahindra Bank is pleased to present a SARFAESI auction for a residential plot in Proddatur, Kadapa, Andhra Pradesh. The auction will take place on November 26, 2025, from 11:00 AM to 12:00 PM. The reserve price is set at INR 1,05,71,085, with an Earnest Money Deposit (EMD) of INR 10,57,108. This is a fantastic opportunity for buyers to secure a property at a competitive price through a transparent auction process. The property is being auctioned due to the borrower, M/s Sree Veerabrahmendra Cotton Company.
Borrower Name:M/s Sree Veerabrahmendra Cotton Company
Auction Type:SARFAESI Auction
Guarantor Names:Mr Bachhu Nanda Kishore, Mrs Bachhu Sunitha Rani, Mr Bachhu Nandakishore
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a plot in Proddatur, Andhra Pradesh, offered at a reasonable reserve price. While it's not a prime location, the auction terms are standard, making it a calculated investment opportunity. Further due diligence on local market trends and encumbrances is advisable before bidding.
Contact Details
Branch:Branch Office : Registered Office: Mumbai
Service Provider:bankeauctions.com / C1 India
Contact Details:
R. Ramachandran
Contact no:9515662010
