Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612947
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE : NELLORE
Reserve Price:₹3,32,90,000
EMD:₹33,29,000
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 auction features a prime Land and Building property in Sreeramulu, Nellore, Andhra Pradesh, offered by Canara Bank. The asset is categorized as Residential, making it an excellent opportunity for development or personal use. Located in a developing area, this property presents potential for future appreciation. It's an ideal investment for those looking to acquire real estate in a growing region.
State:Andhra Pradesh
City:Nellore
Area:Sreeramulu
Asset Category:Residential
Full Address:Plot no 9, Block-A, Sri Potti Sri Ramulu Nellore District Registration, Nellore Sub Registration, Nellore Town, within the limits of Nellore Municipal corporation, Dargamitta, Revenue Colony (Siromani Nagar), Survey no 2043, 2044 and 2051, layout plot no 9, Block-A Terraced RCC building and site bearing Municipal Ward no 25-11, Municipal Door No.826, Door No.1152 Assessment No 39336/75263(old), 1031037298 (New), Dargamitta, Revenue Colony (Siromani Nagar), Nellore
Size:1600 sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a Land and Building property in Sreeramulu, Nellore, Andhra Pradesh. The auction will take place on November 25, 2025, from 11:00 AM to 01:00 PM. The reserve price is set at ₹3,32,90,000, with an Earnest Money Deposit (EMD) of ₹33,29,000. This is a unique opportunity to acquire a residential asset through a transparent auction process. Don't miss out on this chance to bid on a valuable property.
Borrower Name:M/s Sri Lakshmi Prasuna
Auction Type:SARFAESI Auction
Guarantor Names:Sri. DSL Narayana Rao, Sri. DSLV Prasad Rao, Smt. D Rajeswaramma, Smt. Kalva Rajeswaramma, Smt. D. Swaroopa, Smt. D. Saroja, Smt. CH Varalakshmi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Nellore and its classification as land and building offer a decent investment opportunity. The reserve price is relatively high, suggesting a potential for value, but requires careful market assessment. Auction terms are standard, making it a calculated risk for interested buyers.
Contact Details
Branch:Branch Office : REGIONAL OFFICE : NELLORE
Service Provider:BAANKNET
Contact Details:
Contact no: —
