Land And Building for auction Jonnatali and Darsi villages Ongole 5 lakh Canara

Property for Auction in Ongole,, Prakasam, Andhra Pradesh

Recommendation
Calculated OpportunityScore: 6.5
Possession
Symbolic
Size
266.66 sq. yards
Reserve Price
4,80,000
Reserve Price
4,80,000
EMD Required
48,000
Property Specifications
Size266.66 sq. yards
Unit No.87
Possession StatusSymbolic
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Land And Building
Location IconLocation:
Ongole,, Prakasam
Auction Date IconAuction Date:
20-11-2025 02:00 PM

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

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