Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609397
Bank Name:Canara Bank
Branch Name:ARM BRANCH, CIRCLE OFFICE- VIJAYAWADA
Reserve Price:₹23,76,000
EMD:₹2,37,000
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
This auction features a prime Land and Building asset located in Macherla, Guntur, Andhra Pradesh. The property, previously owned by M/s. Sita Rama Traders, is categorized as Residential and is being auctioned by Canara Bank under the SARFAESI Act. This is a compelling opportunity to acquire a property in a developing region.
State:Andhra Pradesh
City:Guntur
Area:Macherla
Asset Category:Residential
Full Address:R.S. No. 1350/B, Macherla Mandalam, Guntur District near D.No.14-2-243, Near Saibaba Temple, Society Colony, Society Colony, Macherla, Guntur
Size:220 sq.yds
Auction Description
Canara Bank is conducting a SARFAESI auction for a Land and Building property in Macherla, Guntur. The auction will take place on November 20, 2025, from 02:00 PM to 04:00 PM. The reserve price is set at ₹23,76,000, with an Earnest Money Deposit (EMD) of ₹2,37,000 required to participate. Secure your bid for this valuable real estate opportunity.
Borrower Name:M/s. Sita Rama Traders
Auction Type:SARFAESI Auction
Guarantor Names:Gogireddy Siva Reddy, Allu Rama Brahma Reddy
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property represents a reasonable investment opportunity due to its location in Macherla and the residential land & building type. The reserve price is moderate, and the auction terms are standard. However, further due diligence is recommended to assess the local market and potential for appreciation.
Contact Details
Branch:Branch Office : ARM BRANCH, CIRCLE OFFICE- VIJAYAWADA
Service Provider:BAANKNET
Contact Details:
Contact no:8331011695
