Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612839
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹7,70,21,000
EMD:₹77,02,000
Bid Increment:₹1
Auction Time:10:30 AM to 11:00AM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
A distinguished commercial building located on Bellary Road, Kurnool, Andhra Pradesh. This prime asset is offered by Canara Bank, presenting a significant opportunity for investment in a commercially active region. The property is suitable for a wide range of business ventures, offering ample space and a strategic location within Kurnool city.
State:Andhra Pradesh
City:Kurnool
Area:bellary road
Asset Category:Commercial
Full Address:51/936 A, No 51/936 A in Sy nos 403/2A3, 404B/2C & 404/A3, 51st ward, Opp. New APSRTS Bus stand, Bellary road, Bellary Road, Kurnool
Size:6529.50 Sq.ft
Auction Description
Canara Bank presents a SARFAESI auction for a prime commercial building in Kurnool, Andhra Pradesh, situated on Bellary Road. The auction is scheduled for November 25, 2025, with bidding open from 11:00 AM to 01:00 PM. The reserve price is set at ₹7,70,21,000, with an Earnest Money Deposit (EMD) of ₹77,02,000 required to participate. This is a unique chance to acquire a valuable commercial asset from M/s Kashyap Constructions Pvt Ltd.
Borrower Name:M/s Kashyap Constructions Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Santhosh L S, Sreeranga Raju L V, Bharathi B R, Mrs. Vani M, Mr. Ashok Raj A, Mrs. Jocye Mettleda, Venkateswara Ravi Prasad J, Basavara Patel, J. Gopal, Bhaskar J, Mr J Sudhakar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not to the knowledge of the Bank
Why This Property
The commercial building in Kurnool presents a calculated opportunity due to its location and size, though the reserve price requires careful consideration. Its location on Bellary Road could make it a good investment at the right bid. The auction terms are standard, and due diligence is recommended.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:Public Auction
Contact Details:
Contact no:08025310066
