Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:611716
Bank Name:Canara Bank
Branch Name:Kakinada Branch
Reserve Price:₹18,80,000
EMD:₹1,88,000
Auction Time:10:30 AM to 11:30 AM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
This is a residential flat located in Kakinada, East Godavari, Andhra Pradesh. The property is being auctioned by Canara Bank under the SARFAESI Act. It presents an excellent opportunity for homebuyers or investors seeking a property in a well-established area. The flat offers comfortable living spaces and is situated in a region known for its growing infrastructure and amenities.
State:Andhra Pradesh
City:East Godavari
Area:Kakinada
Asset Category:Residential
Full Address:1-119, S.No. 64, R.C.C building and site D.No. 1-119 an extent of 120 Sq. Yards, Agraharam Village, Kakinada
Size:120 Sq. Yards
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Kakinada, East Godavari, Andhra Pradesh. The auction will take place on November 19, 2025, starting at 10:30 AM and concluding at 11:30 AM. The reserve price for this auction is INR 18,80,000, with an Earnest Money Deposit (EMD) of INR 1,88,000. This is a timed online auction event. Interested bidders are advised to review all auction terms and conditions thoroughly before participating.
Borrower Name:Smt. Arukala Ashwini
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
This Kakinada flat offers a reasonable opportunity given its reserve price and location. While not a prime investment, the property's residential nature and size make it a calculated opportunity for potential buyers seeking affordable housing. Further due diligence is recommended to assess the property's condition and local market dynamics.
Contact Details
Branch:Branch Office : Kakinada Branch
Service Provider:BAANKNET
Contact Details:
Contact no:0884-2366727
