Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:611757
Bank Name:Bank of Baroda
Branch Name:Vijayawada
Reserve Price:₹20,20,000
EMD:₹2,02,000
Bid Increment:₹20,000
Auction Time:02:00 PM to 06:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:23-11-2025 05:00 PM
Bid Start Date:2025-11-24
Property Description
This is a bank auction for a vehicle located in Kanchikacherla, Krishna district, Andhra Pradesh. The property is being auctioned by Bank of Baroda under the SARFAESI Act. The vehicle is part of the asset category 'Vehicle Auctions'.
State:Andhra Pradesh
City:Krishna
Area:Kanchikacherla.
Asset Category:Vehicle Auctions
Full Address:No. 3-8, Sivalayam Street, Paritala, Kanchikacherla- 521 180, Krishna District, AP., Kanchikacherla, Krishna
Auction Description
Bank of Baroda is conducting a SARFAESI auction for a vehicle in Kanchikacherla, Krishna, Andhra Pradesh. The auction will take place on November 24, 2025, from 2:00 PM to 6:00 PM. The reserve price is ₹2,020,000, with an Earnest Money Deposit (EMD) of ₹202,000. The borrower is M/s. GSM Infra Rep.
Borrower Name:M/s. GSM Infra Rep.
Auction Type:SARFAESI Auction
Guarantor Names:Mr. D. Vamsikrishna, Mrs. D. Durga Koteswari, Mr. Dronadula Vamsi Krishna, Mrs. Dronadula Durga Koteswari
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The vehicle auction in Kanchikacherla presents a calculated opportunity. The reserve price seems reasonable for a commercial vehicle, but potential buyers should carefully assess the vehicle's condition and market demand. Location and specific vehicle type are key considerations for this auction.
Contact Details
Branch:Branch Office : Vijayawada
Service Provider:BAANKNET
Contact Details:
Chief Manager / Authorised Officer
Contact no:+919666380310
