Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613520
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹50,00,000
EMD:₹5,00,000
Bid Increment:₹50,000
Auction Time:02:00 PM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-25
Property Description
A valuable plot of land located in the developing area of Martur, Prakasam district, Andhra Pradesh. This residential land parcel offers a great investment opportunity in a growing region. Ideal for future development, this property is being auctioned by Canara Bank under the SARFAESI Act.
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, Martur Mandal and sub-district, Jonnatali Village, Martur
Size:3.10 Acres
Auction Description
Canara Bank is conducting a SARFAESI auction for a prime plot of land in Martur, Prakasam. The auction begins on November 25, 2025, at 02:00 PM and concludes at 04:00 PM on the same day. The reserve price is set at ₹50,00,000, with an Earnest Money Deposit (EMD) of ₹5,00,000 required. This is a unique chance to acquire a significant land asset.
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, a developing area. The reserve price is relatively reasonable, and the auction terms are standard. It presents a calculated opportunity for investors seeking land acquisitions.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:8331011695
