Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612944
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE : NELLORE
Reserve Price:₹13,00,000
EMD:₹1,30,000
Auction Time:11:00 AM to 01:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a bank auction of a land and building located in Kandukur Town, Nellore, Andhra Pradesh. The property is categorized as Residential and is being auctioned under SARFAESI. The borrower is Sri. Gangadi Venkata Rao. This presents a potential opportunity for buyers interested in real estate in the Nellore district.
State:Andhra Pradesh
City:Nellore
Area:Kandukur Town
Asset Category:Residential
Full Address:Sameerpalem village, S.No. 286/2H, Voletivaripalem Mandal, Kandukur Town
Size:239.11 sq yards
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land and building in Kandukur Town, Nellore, Andhra Pradesh. The auction has a reserve price of INR 13,00,000 and an EMD of INR 1,30,000. The auction will take place on November 25, 2025, starting at 11:00 AM and concluding at 01:00 PM. Interested bidders should review all auction terms and conditions provided by Canara Bank.
Borrower Name:Sri. Gangadi Venkata Rao
Auction Type:SARFAESI Auction
Guarantor Names:Sri. Mittikalla Balachandra
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential land and building in Kandukur, Nellore, offered at a reasonable reserve price. While the location is not a major metropolitan area, the price point and clear title make it a calculated investment opportunity for local buyers or those seeking affordable real estate.
Contact Details
Branch:Branch Office : REGIONAL OFFICE : NELLORE
Service Provider:BAANKNET
Contact Details:
Contact no:9742473324
