Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611864
Bank Name:Canara Bank
Branch Name:ARM BRANCH, CIRCLE OFFICE- VIJAYAWADA
Reserve Price:₹17,40,000
EMD:₹1,74,000
Bid Increment:₹10,000
Auction Time:2.00 PM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-20
Property Description
This is a residential flat located in the well-developed area of Patamata, Vijayawada, Andhra Pradesh. The property is being auctioned by Canara Bank under SARFAESI Act. It offers a great opportunity for homeownership in a prime location with good connectivity and amenities.
State:Andhra Pradesh
City:Vijayawada
Area:Patamata
Asset Category:Residential
Full Address:SF 301, Gopi Krishna Constructions, Yenamalakuduru Village S No.4/2, Patamata, Vijayawada
Building/Society:Gopi Krishna Constructions
Size:401.24 Sq. yds
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Patamata, Vijayawada. The auction has a reserve price of INR 17,40,000 and an Earnest Money Deposit (EMD) of INR 1,74,000. The auction will be held on November 20, 2025, from 02:00 PM to 04:00 PM. This is a sealed bid auction.
Borrower Name:Sri Mallela Gopala Rathaiah
Auction Type:SARFAESI Auction
Guarantor Names:Smt. Alla Roja Ramani
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is located in a developing area of Vijayawada and is offered at a reasonable price point. While it needs further evaluation on the building's maintenance and occupancy rates, the physical possession status is a positive factor. The auction terms are standard, and the property presents a calculated risk opportunity for investors.
Contact Details
Branch:Branch Office : ARM BRANCH, CIRCLE OFFICE- VIJAYAWADA
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no:8331011695
