Land for Auction Desaipeta Krishna 37 Lakh by Canara Bank 29 Jun 2026
Desaipeta, Krishna
Area: 675.59 sq meters
Dr. No.2/409 in R.S No. 296 at Desaipeta, Machilipatnam, Krishna District.
Canara Bank · ARM BRANCH, CIRCLE OFFICE- VIJAYAWADA
Reserve price
₹37,00,000
EMD ₹3,70,000
Auction date
29 Jun 2026, 12:00 PM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 675.59 sq meters
- ▸Locality: Desaipeta
- ▸Reserve: ₹37,00,000
- ▸EMD: ₹3,70,000
Auction snapshot
| Possession | Symbolic |
| Property type | Land · Residential |
| Locality | Desaipeta |
| Built-up / plot area | 675.59 sq meters |
| Lender | Canara Bank |
| Branch | ARM BRANCH, CIRCLE OFFICE- VIJAYAWADA |
| Unit / flat no. | Dr. No.2/409, R.S No. 296 |
| Auction type | SARFAESI Auction |
| Bid increment | ₹25,000 |
| Service provider | BAANKNET |
About this property
Land bank auction in Desaipeta, Krishna by Canara Bank — reserve price ₹37,00,000, 675.59 sq meters, Symbolic possession.
Participate in the Canara Bank e-auction for a valuable land plot located at Dr. No.2/409 in R.S No. 296, Desaipeta, Machilipatnam, Krishna District. This prime property, recorded under Registered Sale Deed-3586/1981 in the name of Late Sri. Matta Rama Mohan Rao S/o Somaiah, admeasures 675.59 sq meters (or 807.99 Sq. Yards / 16.69 Cents). The e-auction is scheduled for June 29, 2026, from 2:00 PM to 4:00 PM, with a reserve price of ₹37,00,000. Interested bidders must submit their EMD of ₹3,70,000 by June 29, 2026, 12:00 Noon. Property inspection is available on June 23, 2026. This bank auction property, with CERSAI ID 200011461084 and boundaries as per deed, offers a promising investment opportunity in Machilipatnam. Possession is symbolic, and there are no known encumbrances to the bank.
GeoSquare note: This land plot in Desaipeta, Machilipatnam, presents a strong investment opportunity. With a clear symbolic possession status and no known encumbrances, it reduces buyer risk. The stated area of 675.59 sq meters is a good size for potential development. The pricing at ₹37 Lakhs for a plot in a developing area of Krishna District appears reasonable, making it a 'Strong Buy' for potential appreciation.
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