Shop for auction 2 Palnadu, Vijayawada by Tamilnad Mercantile Bank

Property for Auction in Palnadu, Vijayawada, Andhra Pradesh

Property Type IconProperty Type:
Commercial Property
Location IconLocation:
Palnadu, Vijayawada
Auction Date IconAuction Date:
25-08-2025 10:00 AM

Auction Details

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

Important Dates

Submission Date:22-08-2025 06:00 PM

Bid Start Date:25-08-2025 10:00 AM

Property Description

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

Auction Description

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

Contact Details

Narasaraopet Branch Phone No : 08647-220507 / Mobile No : 7032720506

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