Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609839
Bank Name:Canara Bank
Branch Name:Guntur Main Branch
Reserve Price:₹1,55,00,000
EMD:₹15,50,000
Auction Time:12:00 PM to 01:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-20
Property Description
This is a prime parcel of land located in the rapidly developing area of Chowdavaram, Guntur, Andhra Pradesh. The property is a valuable asset, ideal for residential development, offering significant potential for future growth and investment returns. Situated in a strategic location within Guntur, this land presents a unique opportunity for developers and investors.
State:Andhra Pradesh
City:Guntur
Area:Chowdavaram
Asset Category:Residential
Full Address:D No. 83/B2C, 83/D1, Chowdhavaram, Guntur, Chowdavaram, Guntur
Size:6292 Sq yards
Auction Description
Canara Bank is conducting a SARFAESI auction for a significant land parcel in Chowdavaram, Guntur. The auction will take place on November 20, 2025, from 12:00 PM to 01:00 PM. The reserve price is set at INR 1,55,00,000, with an Earnest Money Deposit (EMD) of INR 15,50,000 required to participate. This is a direct opportunity to acquire valuable real estate through a transparent bank auction process.
Borrower Name:M/s JLDM TEXTILES INDUSTRIES PVT LTD
Auction Type:SARFAESI Auction
Guarantor Names:Sri Jampani Krishna Babu
Legal Details
Possession Status:Physical
Encumbrance Details:No Encumbrances to the Knowledge of the Bank
Why This Property
The land in Chowdavaram presents a calculated opportunity. While the location is promising, potential investors should consider the local market conditions and conduct thorough due diligence before bidding. The reserve price and EMD are substantial, requiring a careful assessment of the investment's ROI.
Contact Details
Branch:Branch Office : Guntur Main Branch
Service Provider:BAANKNET
Contact Details:
Contact no:8331015700
