Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613125
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE: GUNTUR
Reserve Price:₹13,50,000
EMD:₹1,35,000
Auction Time:12:00 PM to 01:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-27
Bid Start Date:2025-11-27
Property Description
This auction features a valuable Land and Building asset in Macherla, Guntur, Andhra Pradesh. Ideal for residential use, this property is being auctioned by Canara Bank under the SARFAESI Act. Located in a developing area, it presents a promising opportunity for investment. The borrower is M/S Vigneswara Shopping Mall.
State:Andhra Pradesh
City:Guntur
Area:Macherla
Asset Category:Residential
Full Address:D.No.388/1, nearest D.No.15-1-398, 15th block, near anjaneya swamy temple, Macherla, Guntur
Size:242.00 sq. yards
Auction Description
Canara Bank is conducting a SARFAESI auction for a Land and Building property in Macherla, Guntur, Andhra Pradesh. The auction has a reserve price of ₹13,50,000 and requires an EMD of ₹1,35,000. Bidding will take place on November 27, 2025, from 12:00 PM to 01:00 PM. This is a prime opportunity to acquire a residential asset through a transparent auction process.
Borrower Name:M/S Vigneswara Shopping Mall
Auction Type:SARFAESI Auction
Guarantor Names:Shaik Saida, P. Srinivasarao
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Macherla and size offer potential, but further due diligence is recommended given it is a vacant site. The reserve price and EMD appear reasonable for the area, making it a calculated opportunity for interested investors. Location and price makes it a viable project.
Contact Details
Branch:Branch Office : REGIONAL OFFICE: GUNTUR
Service Provider:BAANKNET
Contact Details:
Contact no:8331015719
