Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:613118
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE: GUNTUR
Reserve Price:₹46,60,000
EMD:₹4,66,000
Auction Time:12:00 PM to 01:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-27
Bid Start Date:2025-11-27
Property Description
A residential flat located in Guntur, Andhra Pradesh, is being auctioned by Canara Bank. This property is offered under the SARFAESI Act. The flat is situated in the Guntur area, a well-developed region within the state. Ideal for individuals or families looking for a home in a prime location. The property is part of a SARFAESI auction, offering a unique opportunity for prospective buyers.
State:Andhra Pradesh
City:Guntur
Area:Guntur
Asset Category:Residential
Full Address:301, Mid City Homes, Door No. 28-1-79- of anaextent of 541-5 sq. yards of site and MID CITY Apartment, Kankaragunta area, Guntur
Building/Society:Mid City Homes
Size:1500 sq ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Guntur, Andhra Pradesh. The auction has a reserve price of INR 4,660,000.00 and an Earnest Money Deposit (EMD) of INR 466,000.00. The auction will take place on November 27, 2025, starting at 12:00 PM and concluding at 01:00 PM on the same day. This is a direct sale opportunity facilitated by the bank.
Borrower Name:Sri Shaik Moinuddin
Auction Type:SARFAESI Auction
Guarantor Names:Shaik Naseem Ara
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This property represents a solid investment opportunity due to its prime location in Guntur, decent size, and the potential for appreciation. The reserve price seems reasonable given the location. Interested buyers should conduct thorough due diligence and participate actively in the auction.
Contact Details
Branch:Branch Office : REGIONAL OFFICE: GUNTUR
Service Provider:BAANKNET
Contact Details:
Contact no:9440905117
