Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613121
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE: GUNTUR
Reserve Price:₹24,70,000
EMD:₹2,47,000
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 land and building property located in Markapur, Prakasam, Andhra Pradesh. The asset is classified as residential, offering an opportunity for development or personal use in a developing region. The property is being auctioned by Canara Bank under SARFAESI rules.
State:Andhra Pradesh
City:Prakasam
Area:Markapur
Asset Category:Residential
Full Address:Sy. No.739, D.No.8-512, Old D.No.8-56, Medarametla, Markapur
Size:108 sq yards
Auction Description
Canara Bank is conducting a SARFAESI auction for a land and building property in Markapur, Prakasam, Andhra Pradesh. The auction will take place on November 27, 2025, between 12:00 PM and 01:00 PM. The reserve price for this residential asset is ₹2,470,000, with an Earnest Money Deposit (EMD) of ₹247,000. This is a prime opportunity to acquire property in the Prakasam district.
Borrower Name:Sri Derangula Ramulu
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent investment potential due to its residential nature and location in Markapur. The reserve price appears reasonable. However, further due diligence is recommended to assess market value and potential for appreciation.
Contact Details
Branch:Branch Office : REGIONAL OFFICE: GUNTUR
Service Provider:BAANKNET
Contact Details:
Contact no:8332973976
