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Industrial in LA Sagaram

LA Sagaram

Reserve price
₹97.56 Cr
Auction date
12 Mar 2026
11:00 AM
EMD deadline
12 Mar 2026
10:00 AM
Bid increment
₹5,00,000.00

Location details

Property Address
Lease hold property in respect of land measuring 100 Acre bearing Survey No 1(P), 2(P), 3(P), 4(P), 5, 7, 8, 9, 10(P), 11(P), 12(P), 13(P), 15/2(P) in Village Palepalem, Survey No 64(P), 65(P), 66(P), 67 in Koneti Rajupalem, Survey No. 326(P), 327(P) in village Menakur, situated in Special Economic Zone (SEZ) at Naidupet distt. Nellore, Andhra Pradesh
City: LA Sagaram
District: Tirupati
State: Andhra Pradesh
Pin Code: 524126
Country: India

Auction timeline

Auction starts
12 Mar 2026 at 11:00 AM
Auction ends
12 Mar 2026 at 4:00 PM
EMD submission deadline
12 Mar 2026 at 10:00 AM

EMD must be submitted before this time to be eligible to bid.

Property overview

Type
Industrial
Sub Type
Industrial Plot with Factory Building
Possession Status
Symbolic
Type of Action
Under SARFAESI
Asset Type
Immovable
Ownership Type
Leasehold
Title Deed Type
Others (Lease Deed)
Property Price
₹97.56 Cr
Property Identifiers
Bank Property ID
PUNBAFW009374
Collateral ID
10A25811346

Property Images

Borrower & Loan details

Borrower Name
PRIME HITECH ENGINEERING LIMITED
Registered Address of Borrower
Prime Group Building, 11/5B, Pusa Road, New Delhi-110005
Owner
M/S PEL Assets & infrastructure Limited
Ownership Type
Leasehold
Title Deed
Others
Asset Type
Immovable
Collateral ID
10A25811346
Customer ID
AFW009374
Demand Notice
Notice Date
19 Sept 2024

Additional details

Description
a) Lease hold property in respect of land measuring 100 Acre bearing Survey No 1(P), 2(P), 3(P), 4(P), 5, 7, 8, 9, 10(P), 11(P), 12(P), 13(P), 15/2(P) in Village Palepalem, Survey No 64(P), 65(P), 66(P), 67 in Koneti Rajupalem, Survey No. 326(P), 327(P) in village Menakur, situated in Special Economic Zone (SEZ) at Naidupet distt. Nellore, Andhra Pradesh in the name of M/s PEL Assets and Infrastructure Limited b) Lease hold rights along with building, super structure build thereon on land measuring 14.50 acres (out of 100 Acre land) in the name of M/S Prime Hitech Engineering Limited (PHEL) situated in Special Economic Zone (SEZ) at Naidupet distt. Nellore, Andhra Pradesh. c) Hypothecation of all Plant & Machinery and other fixed assets of PHEL Hypothecation of fixed assets & current assets (present and future). Note: Out of 100 Acre land, 32.03 acres of land has been leased out to M/s Prime Meiden Limited effective from 1st April 2016 to 31st March 2036

EMD Schedule

EMD Start
10 Feb 2026
1:42 PM
EMD Deadline
12 Mar 2026
10:00 AM
Payment Deadline
12 Mar 2026

Officer Details

Authorized Officer
PAWAN SINGH YADAV
Authorised Officer - Scale - IV - CM
Dealing Officer
Pawan Singh Yadav

Auction Rules

Type of Action
Under SARFAESI
Bid Increment
₹5,00,000.00
Extension Increment
₹5,00,000.00
Auto Extension
Enabled
Extension Trigger
Last 10 minutes
Extension Duration
10 minutes
First Bid Acceptance
Yes

Ownership & Legal

Ownership Type
Leasehold
Title Deed Type
Others (Lease Deed)
Asset Type
Immovable
Collateral ID
10A25811346
Property ID
PUNBAFW009374
Punjab National Bank logo
Punjab National Bank
Verified seller
Branch: SAMB DELHI - 834300
IFSC: PUNB

Bank contact

+91 70429 07879+91 97171 33327
Branch Address
7th Floor, 7 Bhikaiji Kama Place, NEW DELHI
Branch IFSC
PUNB0834300
Department
SAMB DELHI - 834300