Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613523
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹19,00,000
EMD:₹1,90,000
Bid Increment:₹10,000
Auction Time:2:00 PM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-25
Property Description
Discover a prime plot of land in Martur, Prakasam, Andhra Pradesh, ideal for residential development. This SARFAESI auction by Canara Bank offers a fantastic investment opportunity in a growing region. The property is situated in a well-connected area, presenting significant potential for future appreciation. Don't miss this chance to acquire valuable land in a desirable location.
State:Andhra Pradesh
City:Prakasam
Area:Martur
Asset Category:Residential
Full Address:D No.s:81-2 and 81-3 of Jonnatali Village, Bobbepalli Road, Back side of Amaravathi Textiles Road, Jonnatali Village, Martur
Size:1.19 Acres
Auction Description
Canara Bank presents a SARFAESI auction for a residential land parcel in Martur, Prakasam, Andhra Pradesh. The bidding opens with a reserve price of INR 19,00,000, and an EMD of INR 1,90,000 is required to participate. The auction will be conducted online, starting on November 25, 2025, at 02:00 PM and concluding at 04:00 PM on the same day. This is a limited-time opportunity to acquire a significant asset from M/s. Vamsi Krishna Cotton.
Borrower Name:M/s. Vamsi Krishna Cotton
Auction Type:SARFAESI Auction
Guarantor Names:Sri Amirineni Ramesh Babu, Sri Katakam Siva Ram Prasad, Sri Gollapudi Sri Rama Sarma
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a vacant land located in Martur. The reserve price is relatively low. However, further due diligence is needed to assess local market demand and development potential before making a bid.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:8331011695
