Property for Auction in Palnadu, Vijayawada, Andhra Pradesh
Auction ID:547409
Bank Name:Tamilnad Mercantile Bank Limited
Branch Name:NARASARAOPET BRANCH
Reserve Price:₹14,80,02,000
EMD:₹1,48,00,200
Service Provider:drt.auctiontiger.net
Submission Date:22-08-2025 06:00 PM
Bid Start Date:25-08-2025 10:00 AM
This offering is a substantial commercial property located in the Palnadu region of Vijayawada, Andhra Pradesh. As a commercial asset, it presents diverse potential for business operations or investment. The property is being auctioned by Tamilnad Mercantile Bank Limited under the SARFAESI Act. Situated in a key area of Vijayawada, it benefits from the region's growing economic landscape. This is a direct opportunity to own a commercial space with significant potential, making it an attractive proposition for astute investors and business owners.
State:Andhra Pradesh
City:Vijayawada
Area:Palnadu
Asset Category:Commercial
Tamilnad Mercantile Bank Limited presents a SARFAESI auction for a prime commercial property in Palnadu, Vijayawada, Andhra Pradesh. This valuable asset, formerly belonging to M/s. Charishma Industries Pvt Ltd, offers an excellent investment opportunity. The auction commences on August 25, 2025, at 10:00 AM and concludes at 4:00 PM on the same day. The reserve price is set at INR 14,80,02,000, with an Earnest Money Deposit (EMD) of INR 1,48,00,200 required to participate. Don't miss this chance to acquire a significant commercial holding in a developing area.
Borrower Name:M/s.Charishma Industries Pvt Ltd
Auction Type:SARFAESI Auction
Narasaraopet Branch Phone No : 08647-220507 / Mobile No : 7032720506