Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613196
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 A.M. to 11.00 A.M.
Service Provider:BAANKNET
Important Dates
Submission Date:24-11-2025 05:00 PM
Bid Start Date:2025-11-25
Property Description
This is a prime commercial building located on Bellary Road in Kurnool, Andhra Pradesh. Situated in a key area, this property offers excellent visibility and accessibility. The asset is being auctioned by Canara Bank as part of a SARFAESI action. The borrower for this property was M/s Kashyap Constructions Pvt Ltd. This is a fantastic opportunity to acquire a significant commercial asset in a developing region. Ideal for various business ventures, its strategic location ensures high potential for growth and returns.
State:Andhra Pradesh
City:Kurnool
Area:bellary road
Asset Category:Commercial
Full Address:No 51/936 A in Sy nos 403/2A3, 404B/2C & 404/A3, 51st ward. Opp. New APSRTS Bus stand, Bellary road, Kurnool, Bellary Road, Kurnool
Size:6529.50 Sq.ft.
Auction Description
Canara Bank is conducting a SARFAESI auction for a commercial building in Kurnool, Andhra Pradesh. The auction will take place on November 25, 2025, with bidding open from 10:30 AM to 11:00 AM. The reserve price for this valuable property is INR 7,70,21,000, with an Earnest Money Deposit (EMD) of INR 77,02,000 required to participate. Don't miss this chance to bid on a substantial commercial asset in a sought-after location. All interested parties are encouraged to review the auction terms and conditions before participating.
Borrower Name:M/s Kashyap Constructions Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Santhosh L S, Sreeranga Raju L V, Bharathi B R, Vani M, Ashok Raj A, JocyeMettleda, Venkateswara Ravi Prasad J, Basavara Patel, J. Gopal, Bhaskar J, J. Sudhakar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The commercial building's location on Bellary Road in Kurnool offers decent potential, but the reserve price warrants careful consideration. Auction terms are standard, suggesting a calculated approach is necessary to evaluate investment viability. A detailed market analysis is recommended before bidding.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:6301683293
