Land for auction Agadala Lanka Eluru 8 lakh Canara Bank

This is a prime land parcel located in the Bhimadole Mandal of Eluru district, Andhra Pradesh. The property is categorized as residential land, offering a significant opportunity for development or investment. Situated in a developing area, it presents potential for future appreciation. The land is part of a SARFAESI auction conducted by Canara Bank on behalf of the borrower, Sri Govindu Manmadha Raju. Benefiting from its location in Eluru, a growing city, this land is a valuable asset.

Canara Bank is holding a SARFAESI auction for a residential land property in Bhimadole Mandal, Eluru, Andhra Pradesh. The auction will take place on November 25, 2025, from 2:00 PM to 4:00 PM. The reserve price for this valuable land asset is ₹7,93,000, with an Earnest Money Deposit (EMD) of ₹79,300 required to participate. This is a fantastic opportunity to acquire land in a developing region of Andhra Pradesh. Interested bidders are encouraged to review all auction terms and conditions.

The property, a vacant land with a shed in Bhimadole, Eluru, presents a calculated investment opportunity. The reserve price is reasonable, but due diligence on the location and potential encumbrances is crucial. Given the location and type, it's a moderate-risk venture with potential for future appreciation.