Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:609361
Bank Name:State Bank of India
Branch Name:Regional office
Reserve Price:₹1,75,000
EMD:₹17,500
Bid Increment:₹5,000
Auction Time:11:00 AM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-11
Bid Start Date:2025-11-12
Property Description
This listing is for a vehicle auction conducted by the State Bank of India in Kanigiri, Prakasam, Andhra Pradesh. The asset being auctioned is a vehicle belonging to Mr. KODALA VENKATA RAMESH. This is a SARFAESI auction with a reserve price of INR 175,000 and an EMD of INR 17,500. The auction is a great opportunity for buyers looking to acquire a vehicle through a secure bank process.
State:Andhra Pradesh
City:Prakasam
Area:Kanigiri
Asset Category:Vehicle Auctions
Full Address:Door No. 4-198471A, 2nd Lane, Chandraiah Nagar, Vinayaka Temple, Ongole, Prakasam Dist -523 001, Kanigiri, Prakasam
Auction Description
State Bank of India is holding a SARFAESI auction for a vehicle in Kanigiri, Prakasam, Andhra Pradesh. The auction will take place on November 12, 2025, starting at 11:00 AM and concluding at 04:00 PM on the same day. The reserve price is set at INR 175,000, with an Earnest Money Deposit (EMD) of INR 17,500 required to participate. Interested bidders should ensure they meet all auction requirements before participating.
Borrower Name:Mr. KODALA VENKATA RAMESH
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The auction presents a chance to acquire a vehicle at a potentially competitive price. While a vehicle is not a prime real estate investment, the low reserve price and clear auction terms make it a calculated opportunity for those seeking personal transport.
Contact Details
Branch:Branch Office : Regional office
Service Provider:BAANKNET
Contact Details:
Branch Manager/ Chief Manager
Contact no:8790964316
