Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 4.5
Auction ID:614672
Bank Name:Bank of Baroda
Branch Name:Nellore Branch
Reserve Price:₹30,00,000
EMD:₹3,00,000
Bid Increment:₹20,000
Auction Time:2 pm to 6 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-05
Bid Start Date:2025-12-05
Property Description
This is a bank auction property located in Nellore, Andhra Pradesh. The asset being auctioned is a vehicle, as part of a SARFAESI auction conducted by Bank of Baroda. The property is situated in Nellore city.
State:Andhra Pradesh
City:Nellore
Area:Nellore
Asset Category:Vehicle Auctions
Full Address:Door No. 793/A, Vaddipalem, Duttaluru Narrawada, SPSR Nellore District, Andhra Pradesh-524 222, Vaddipalem, Duttaluru Narrawada, Nellore
Auction Description
Bank of Baroda is holding a SARFAESI auction for a vehicle in Nellore, Andhra Pradesh. The auction will take place on December 5, 2025, from 2:00 PM to 6:00 PM. The reserve price for this auction is ₹30,00,000, with an Earnest Money Deposit (EMD) of ₹3,00,000. The borrower associated with this asset is Mr. Chennupati Balaji Kumar.
Borrower Name:Mr. Chennupati Balaji Kumar
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This vehicle auction in Nellore presents a calculated risk. The asset is specialized, and the auction terms require careful consideration of the vehicle's condition and market demand. Due diligence is crucial to assess potential profitability.
Contact Details
Branch:Branch Office : Nellore Branch
Service Provider:BAANKNET
Contact Details:
Mrs RAJESHWARI S
Contact no:7305841877
