Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:601081
Bank Name:Canara Bank
Branch Name:ARM-1 Branch
Reserve Price:₹2,40,00,000
EMD:₹24,00,000
Bid Increment:₹20,00,000
Auction Time:10.00 A.M. to 10.30 A.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-10-30
Bid Start Date:2025-10-31
Property Description
This auction features a prime piece of land with an existing building in Anantapur, Andhra Pradesh. Situated in the city of Anantapur, this residential property is offered by Canara Bank under SARFAESI auction rules. The borrower is M/S Sri Udupi Park. This is a valuable opportunity to acquire a property in a developing area.
State:Andhra Pradesh
City:Anantapur
Area:Anantapur
Asset Category:Residential
Full Address:Plot No.7, Ward No. 12. Sy. No 284/2, Plot No.7, LP No.26/63, Jesus Nagar, Anantpur Municipal Corporation, Anantapuramu District, Andhra Pradesh, Jesus Nagar, Anantapur
Size:1728 sq. ft.
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land and building in Anantapur, Andhra Pradesh. The auction will take place on October 31, 2025, starting at 10:00 AM and concluding at 01:00 PM. The reserve price for this asset is ₹2,40,00,000, with an Earnest Money Deposit (EMD) of ₹24,00,000 required to participate. Don't miss this chance to bid on a property located in the heart of Anantapur.
Borrower Name:M/S Sri Udupi Park
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Dr. Y Raghavendra Reddy, Mrs. K Pramoda Dio K Ramachandra Reddy, Mrs. Yerragunta Hemavathi, Mrs. K Chennakesavamma, Shri. K Ramachandra Reddy
Legal Details
Possession Status:Physical
Encumbrance Details:Not to the knowledge of the Bank
Why This Property
The property in Anantapur presents a calculated opportunity due to its residential nature and manageable size. The location in Jesus Nagar could provide decent returns. However, prospective buyers should carefully assess the reserve price and auction terms before bidding.
Contact Details
Branch:Branch Office : ARM-1 Branch
Service Provider:BAANKNET
Contact Details:
Contact no:6301683293
