Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610398
Bank Name:Canara Bank
Branch Name:ARM BRANCH, CIRCLE OFFICE- VIJAYAWADA
Reserve Price:₹4,80,000
EMD:₹48,000
Bid Increment:₹10,000
Auction Time:02:00 PM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-20
Property Description
A valuable parcel of land with an existing building, situated in the bustling city of Ongole, Prakasam district, Andhra Pradesh. This residential property presents an excellent opportunity for investment or personal use. Its prime location offers convenient access to local amenities and transport links.
State:Andhra Pradesh
City:Prakasam
Area:Ongole,
Asset Category:Residential
Full Address:87, Plot no. 87, near door no. 4-77 in S no.'s 144/3, 8/2B, 8/1B, 8/3, 8/4, 144/6 of Jonnatali village and S no. 280/3C of Darsi village, Jonnatali and Darsi villages, Ongole
Size:266.66 sq. yards
Auction Description
Canara Bank presents a SARFAESI auction for a land and building asset in Ongole, Prakasam. The reserve price is set at ₹4,80,000, with an EMD of ₹48,000. This auction is an opportunity to acquire a residential property under the SARFAESI Act. Bidding will take place on November 20, 2025, between 02:00 PM and 04:00 PM.
Borrower Name:M/s. Sri Sai Padmavathi Traders
Auction Type:SARFAESI Auction
Guarantor Names:Sri Vanukuri Koti Reddy, Sri Vanukuri Nagi Reddy
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building in a developing area, offered at a reasonable reserve price. The location and auction terms suggest a moderate level of investment appeal, but potential buyers should conduct thorough due diligence.
Contact Details
Branch:Branch Office : ARM BRANCH, CIRCLE OFFICE- VIJAYAWADA
Service Provider:BAANKNET
Contact Details:
Contact no:8331011695
