Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:612945
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE : NELLORE
Reserve Price:₹10,52,000
EMD:₹1,06,000
Auction Time:11:00 AM to 01:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a valuable land and building property located in ALLURU, Nellore, Andhra Pradesh. As a residential asset, it presents a compelling opportunity for buyers seeking property in this region. The property is being auctioned by Canara Bank under the SARFAESI Act.
State:Andhra Pradesh
City:Nellore
Area:ALLURU
Asset Category:Residential
Full Address:3/52, D. No. 3/52, Sy no 43, 4th ward, Indupur Gram Panchayat area & Village, Allur Mandal, SPSR Nellore Dist, Indupur Gram Panchayat, Nellore
Size:240 sq.yards
Auction Description
Canara Bank is conducting a SARFAESI auction for a land and building property in ALLURU, Nellore, Andhra Pradesh. The auction will take place on 25-11-2025, with bidding open from 11:00 AM to 01:00 PM. The reserve price is set at 10,52,000.0, with an Earnest Money Deposit (EMD) of 1,06,000.0 required to participate. This is a prime opportunity to acquire a residential property through a transparent bank auction process.
Borrower Name:Sri. Pasupuleti Srinivasulu
Auction Type:SARFAESI Auction
Guarantor Names:Sri. Ambati Hazarathaiah
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers an affordable entry point into the Nellore real estate market with its relatively low reserve price. However, its location in Alluru and the symbolic possession status suggest moderate risks and potential challenges in realizing immediate returns, making it a calculated opportunity.
Contact Details
Branch:Branch Office : REGIONAL OFFICE : NELLORE
Service Provider:BAANKNET
Contact Details:
Contact no:8328594950
