Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:612099
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹44,16,000
EMD:₹4,41,600
Auction Time:11:00 A.M to 11.20 A.M
Service Provider:Auctionbazaar
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
A commercial shop located in the prime area of Sanathnagar, Hyderabad, Telangana. This property is being auctioned by Karnataka Bank as part of a SARFAESI action. Ideal for business ventures, this asset offers significant potential in a well-established commercial hub.
State:Telangana
City:Hyderabad
Area:Sanathnagar
Asset Category:Commercial
Full Address:Shop No. 14, Lakshmi Complex, Commercial Shop No. 14, GHMC bearing H. No. 8-4-315/6/L/A/14 in Ground Floor of "Lakshmi Complex", Erragadda, Near Sanath Nagar Flyover Bridge, Hyderabad-500018, Telangana State, Sanathnagar, Hyderabad
Building/Society:Lakshmi Complex
Size:368 Sq. Feet
Auction Description
Karnataka Bank is conducting a SARFAESI auction for a commercial shop in Sanathnagar, Hyderabad. The auction will take place on December 10, 2025, from 11:00 AM to 01:00 PM. The reserve price is INR 44,16,000, with an Earnest Money Deposit (EMD) of INR 4,41,600. This is a prime opportunity to acquire a commercial asset in a sought-after location.
Borrower Name:M/s. Shiva Sai Balaji Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Reddisetti Sai Prasad, Mrs. Reddisetti Uma Rani
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property, a commercial shop in Sanathnagar, Hyderabad, presents a solid investment opportunity due to its location and manageable reserve price. Auction terms seem standard, and the property's commercial nature adds to its potential for rental income or business operations. Overall, it's a favorable proposition for interested buyers.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Contact no: —
