Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612933
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE: VISAKHAPATNAM-I
Reserve Price:₹19,78,000
EMD:₹1,98,000
Bid Increment:₹10,000
Auction Time:1:00 PM to 2:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This is a residential flat located in Anakapalle, Visakhapatnam, Andhra Pradesh. It is being auctioned by Canara Bank under the SARFAESI Act. The property is part of a bank auction offering a chance to acquire a home in a well-known area. The flat is categorized as residential asset. The auction is a significant opportunity for potential buyers looking for property in this region.
State:Andhra Pradesh
City:Visakhapatnam
Area:Anakapalle
Asset Category:Residential
Full Address:201, SRI VIGENESHA ARCADE, Plot No.230 of Regional Deputy Director of Town and Control Planning, Visakhapatnam L.P No. 13/2009/V, Approved Lay out Covered by Survey No. 66/P of VEDURUWADA Revenue Village, Veduruwada, Anakapalle
Building/Society:SRI VIGENESHA ARCADE
Size:900 Sq.Ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Anakapalle, Visakhapatnam, Andhra Pradesh. The auction will take place on November 21, 2025, starting at 01:00 PM and ending at 02:00 PM. The reserve price for this auction is INR 19,78,000, with an Earnest Money Deposit (EMD) of INR 1,98,000 required. This auction presents a direct opportunity to purchase a property owned by the bank following borrower default.
Borrower Name:Sri Ravi Kumar Achanta
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a moderate investment opportunity due to its reasonable reserve price and location in Anakapalle. The flat's size and residential nature make it suitable for families or rental income. However, further due diligence is recommended to assess local market conditions and potential for appreciation.
Contact Details
Branch:Branch Office : REGIONAL OFFICE: VISAKHAPATNAM-I
Service Provider:BAANKNET
Contact Details:
Contact no:8332956773
