Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611754
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 auction features a vehicle, identified as a movable asset, located in Kanchikacherla, Krishna district, Andhra Pradesh. The property is being auctioned by Bank of Baroda under the SARFAESI Act. The borrower associated with this asset is M/s. GSM Infra Rep. This is an opportunity to acquire a vehicle through a transparent bank auction process.
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, Vijayawada
Auction Description
Bank of Baroda is conducting a SARFAESI auction for a vehicle in Kanchikacherla, Krishna, Andhra Pradesh. The auction will commence on November 24, 2025, at 02:00 PM and conclude at 06:00 PM on the same day. The reserve price for this auction is ₹20,20,000, with an Earnest Money Deposit (EMD) of ₹2,00,000 required to participate. Interested bidders should ensure they meet all participation criteria and submit their bids within the specified auction period.
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
This vehicle auction presents a calculated opportunity due to its relatively lower reserve price and the potential for commercial use. While the location is specific to Kanchikacherla, Andhra Pradesh, the type of vehicle (Tata Prima Truck) could attract businesses in the transportation sector. The 'As is where is' condition requires careful inspection.
Contact Details
Branch:Branch Office : Vijayawada
Service Provider:BAANKNET
Contact Details:
Chief Manager / Authorised Officer
Contact no:08662428152
