Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 4.5
Auction ID:610692
Bank Name:State Bank of India
Branch Name:Regional office
Reserve Price:₹2,80,000
EMD:₹28,000
Bid Increment:₹3,000
Auction Time:11:00 AM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:14-11-2025 05:00 PM
Bid Start Date:2025-11-15
Property Description
This is a bank auction by the State Bank of India for a vehicle in Ongole, Andhra Pradesh. The property is being auctioned under the SARFAESI Act. The borrower is Smt Vennapusa Bhavani. This auction presents an opportunity to acquire a vehicle at a potentially competitive price.
State:Andhra Pradesh
City:Ongole
Area:Ongole
Asset Category:Vehicle Auctions
Full Address:Ongole, Andhra Pradesh, Ongole, Ongole
Auction Description
State Bank of India is conducting a SARFAESI auction for a vehicle located in Ongole, Andhra Pradesh. The auction will commence on November 15, 2025, at 11:00 AM and conclude at 4:00 PM on the same day. The reserve price is set at ₹280,000.00, with an Earnest Money Deposit (EMD) of ₹28,000.00 required to participate. Interested bidders should ensure they meet all eligibility criteria and submit their bids within the specified auction period.
Borrower Name:Smt Vennapusa Bhavani
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The auction presents an opportunity to acquire a vehicle at a potentially favorable price. However, the 'as is where is' condition requires thorough inspection. The relatively low reserve price and EMD may attract bidders, but the vehicle's condition should be carefully assessed before bidding.
Contact Details
Branch:Branch Office : Regional office
Service Provider:BAANKNET
Contact Details:
Branch Manager
Contact no:9398380205
