#2303: Residential Vacant Land Chittoor (Penumur mandal), Andhra Pradesh, Sale by Corporation Bank Listing Id - 2303

  • 15,00,000 ₹
  • Published date: June 25, 2019
  • Modified date: June 25, 2019
    • Penumuru, Chittoor, Chitoor, Andhra Pradesh

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Sale by Bank – Residential Vacant Land situated in Penumuru Village, Ward No.09, Penumuru Mandal, Chittoor District, Andhra Pradesh.
Sale by Corporation Bank, Penumuru Branch, Andhra Pradesh.
Reserve Price: Rs. 15.00 Lakhs, E - Auction Date: 25th July 2019.
For More Details About The Property/Bank Please see below

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Dear Viewer,

If you are Interested in Buying the Property (even if you have not 100% made up your mind), Please Send Email to Bank Authorised Officer. Then speak to that Bank Authorised Officer on Phone about your Interest and to Fixup for Inspection of the Property and Viewing the Related Documents.

Email Id to which you have to send the Email: cb0254@corpbank.co.in
If You Are Call to Land Line Number: 08572-2277528

Bank will fix up the Auction Dates (and Price) for a Property, based on the (email) responses it gets from Potential Buyers (and Real Estate Agents). Send this email even if the Cost of the Property is not in line with your expectation. Also, sending an email will enable your interest to be on record – which will be helpful, in case say, you are not able to speak on telephone (due to connectivity or any other issues). If you respond Quickly – there is a chance your views would get a High Weightage, when the Bank finalizes the Auction Dates (and Price)! So, send email Quickly (even if you have not 100% made up your mind) and take the next steps ie Inspection of the Property, Legal etc.

Content of the Email if the Property Sale date is Already over or the Sale Date is Not Announced, at the time of your viewing this Listing.

Content of the email can be as simple as “Dear Sir, This has reference to the Residential Vacant Land situated in Penumuru Village, Ward No.09, Penumuru Mandal, Chittoor District, Andhra Pradesh, Being Sold by Corporation Bank, Penumuru Branch, Andhra Pradesh. I (My Name is “----------”, My mobile Number is “1234567891”) am presently interested in taking the next steps related to buying of this Property. This email is being sent for your information”. Then you call up the bank and find out if the Property is available.

If the Property is available, You can start taking the next steps which include inspection of the Property, going through the Legal Documents, talking t*o Experts/ Relatives/ Friends, Learning about bidding in the E-Auction etc. But, during all of these, please keep the bank people updated on a regular basis (specifically by email, apart from talking to them).

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Content of the Email if the Property Sale Date is Not over, at the time of your viewing this Listing.

Content of the email can be as simple as “Dear Sir, This has reference to Residential Vacant Land situated in Penumuru Village, Ward No.09, Penumuru Mandal, Chittoor District, Andhra Pradesh, Being Sold by Corporation Bank, Penumuru Branch, Andhra Pradesh. I (My Name is “----------”, My mobile Number is “1234567891”) am presently interested in taking the next steps related to buying of this Property. This email is being sent for your information”. In case you are interested in a Property, but the cost is higher than your expectation, please say “Dear Sir, This has Residential Vacant Land situated in Penumuru Village, Ward No.09, Penumuru Mandal, Chittoor District, Andhra Pradesh, Being Sold by Corporation Bank, Penumuru Branch, Andhra Pradesh. I (My Name is “----------”, My mobile Number is “1234567891”) am interested in going ahead with the transaction, if the selling price is Rs. 13.50 Lakhs instead of Rs. 15.00 Lakhs advertised by the Bank”.

After sending the email and SMS, please try to call up the banks in the contact numbers provided. You can start taking the next steps which include inspection of the Property, going through the Legal Documents, talking to Experts/ Relatives/ Friends, Learning about bidding in the E-Auction etc. But, during all of these, please keep the bank people updated on a regular basis (specifically by email, apart from talking to them).

All The Best!


   Listing Details

Availability Status :

  

Available

Type of Transaction – Sale (Auction/ E Auction/ Tender), Rent or Lease :

  

E-Auction

Sale By (Seller) :

  

Bank

Full Address :

  

Penumuru Village, Ward No.09, Penumuru Mandal, Chittoor District, Andhra Pradesh.

Locality :

  

Chittoor

Google Map Site :

  

https://www.google.co.in/maps/place/Chittoor,+Andhra+Pradesh/@z/data=?hl=en

Boundaries :

  

East by: 23 Wide Road leads to Chittoor- Penumuru
West by: Site of K. Kalavathi & Vijaya Kumar
North by: Site of K. Kalavathi & Vijaya Kumar
South by: Site of Devendra & Syamala

E Auction Date :

  

25/7/2019

E Auction Starting Time :

  

11.45 AM

E Auction Ending Time :

  

1.15 PM

Outstanding Amount + Interest Cost in Rs. :

  

13,86,414

Description About Outstanding Amount + Interest Cost :

  

Amount in Words: Thirteen Lakhs Eighty Six Thousand Four Hundred and Fourteen Rupees only.

Reserve Price Rs. :

  

15,00,000

Description About Reserve Price Rs. :

  

Amount in Words: Fifteen Lakhs only.

EMD Value Rs. :

  

1,50,000

Date For Inspection For the Asset From. :

  

18/7/2019

Date For Inspection For the Asset To :

  

24/7/2019

Description About Inspection :

  

Please take Prior Appointment with Inspection person/ Bank Authorised Person before going to Inspect the Property.

For details please go through the below fields (Name of the Contact Person For Inspection/ Bank Authorised Person Contact Number)

Last Date For Bid Submission :

  

24/7/2019

Ending Time For Bid Submission :

  

5.00 PM

Name of The Bank To Pay EMD :

  

Corporation Bank

Name Of The Branch To Pay EMD :

  

Penumur Branch

Pay EMD With The Name :

  

Earnest Money Deposit

Account Number to Pay EMD :

  

025400201999952

IFSC Code For Pay EMD :

  

CORP0000254

Details About Paying EMD :

  

Please Contact Bank before Going to Pay EMD.
And Make Sure that Your Payment Should be paid before Bid Submission Last Date and Time.

Date of Demand Notice :

  

2/1/2019

Date Of Possession Notice Given. :

  

7/3/2019

Sale Conducted By :

  

Public Bank

Name Of The Bank/Financial Institution :

  

Corporation Bank

Recovery Branch Name :

  

Penumuru Branch

Recovery Branch Address :

  

Penumuru Branch, Main Road, Penumuru-517126, Andhra Pradesh

Recovery Branch State :

  

Andhra Pradesh

Recovery Branch District :

  

Chittoor

Recovery Branch City :

  

Penumuru

Recovery Branch Pincode :

  

517126

Recovery Branch Telephone No.1 :

  

08572-2277528

Recovery Branch Email 1 :

  

cb0254@corpbank.co.in

Property Belongs To :

  

Borrower

Borrower Name :

  

M/S. KVR Enterprises

Borrower 1 :

  

K. Silpa

Borrower Address :

  

Door No.22-78, Near HP Petrol Bunk, Penumur MDL, Chittoor District-517126

Borrower State :

  

Andhra Pradesh

Borrower District :

  

Chittoor

Guarantor Name :

  

Mr. K. Vijayakumar

Guarantor Address :

  

S/o K. Ananda Reddy, Near Check Post, Penumur

Terms & Conditions 1 :

  

The intending tenderer/bidder shall deposit with the Authorised Officer/Chief Manager an amount equivalent to 10% of reserve price by way of Earnest Money Deposit in the account of,Corporation
Bank, Penumuru Branch by IFSC Code-CORP0000254 at the same time bidder has to submit the e-bid form available on www.bankeauctions.com.before the date and time mentioned above and shall obtain written receipt thereof from the branch/Authorised Officer/Chief Manager.

Terms & Conditions 2 :

  

Full name and address of the tenderers/bidders with their identity proof and PAN card has to be furnished to the Authorized Officer/Chief Manager while filling up the e-bid form on www.bankeauctions.com.website.

Terms & Conditions 3 :

  

Bank, the Secured Creditor, and reserves the right to accept/reject the highest bid of auction/without assigning any reason thereof or to cancel the sale by calling bids from public.

Terms & Conditions 4 :

  

The sale will be confirmed in favour of the highest tenderer/bidder and the confirmation of sale shall be subject to the confirmation by the Secured Creditor.

Terms & Conditions 5 :

  

The successful tenderer/bidder so declared by the Authorised Officer/Chief Manager shall then and there tender 25% of the amount of sale price in Cash/DD, less the sum tendered/ bid by way of EMD, with the Authorised Officer/Chief Manager conducting the sale and the balance amount of purchase price shall be paid to the authorized Officer/Chief Manager before 15th day of confirmation of sale by the Secured Creditor or such extended period as may be mutually agreed upon between the parties.

Terms & Conditions 6 :

  

In default of payment of balance amount of purchase price before 15 days from the date of confirmation of sale by the Secured Creditor or such extended period as may be mutually agreed upon between the parties, the deposit of 25% of the amount of sale price made shall be forfeited and the property shall forthwith be sold again and the defaulting purchaser shall forfeit all claim to the property or to any part of the sum for which it may be subsequently sold

Terms & Conditions 7 :

  

On confirmation of sale by the secured creditor and if the terms of payment have been complied with by the successful tenderer/bidder, the Authorised Officer/Chief Manager shall issue a certificate of sale of
movable/immovable property in favour of the purchaser in Appendix-V to the Security Interest (Enforcement) Rules, 2002.

Terms & Conditions 8 :

  

The Authorised Officer/Chief Manager may, where the immovable property sold is subject to any encumbrances, if he thinks fit, allow the purchaser to deposit with him the money required to discharge the encumbrances and any interest due thereon together with such additional amount that may be sufficient to meet the contingencies or further costs, expenses and interest as may be determined by him.



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