Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609862
Bank Name:Canara Bank
Branch Name:ARM BRANCH, CIRCLE OFFICE- VIJAYAWADA
Reserve Price:₹1,50,00,000
EMD:₹15,00,000
Bid Increment:₹1,00,000
Auction Time:02:00 PM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-20
Property Description
This is a prime land parcel located in Koretipadu, Guntur, Andhra Pradesh, offered for auction by Canara Bank. The property is categorized as residential land and is part of a SARFAESI auction. It is situated in a developing area with potential for future growth. The land presents a valuable opportunity for investors or individuals looking to build their dream home or for development purposes in a sought-after region of Andhra Pradesh.
State:Andhra Pradesh
City:Guntur
Area:Koretipadu
Asset Category:Residential
Full Address:Item 1: Door no 4-3-16, Ramannapet, Municipal Old Ward no 1, Present Ward no 10, Block no 8, T.S.No 511, Asst No 6305-1 Item 2: T.S No.511 as per U.L.C ward no. 1, Block no 8, T.S No.509, Koretipadu, Guntur
Size:144 square yards
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land property in Koretipadu, Guntur. The auction will take place on November 20, 2025, from 2:00 PM to 4:00 PM. The reserve price for this valuable land asset is ₹1,50,00,000, with an Earnest Money Deposit (EMD) of ₹15,00,000 required to participate. This is a direct opportunity to acquire property from M/s. Ravindra Cotton Traders' asset portfolio through a transparent bank auction process.
Borrower Name:M/s. Ravindra Cotton Traders
Auction Type:SARFAESI Auction
Guarantor Names:Manam Siva Kumari, Manam Ravindranath and Sunitha (Legal heirs of M Hymavathi), Alapati Dhanunjaya Siva Rambabu S/o Sambasiva rao
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property, located in Koretipadu, Guntur, presents a calculated opportunity due to its land value and auction terms. With a reserve price of ₹15000000.0, investors should assess the local market dynamics. The auction provides a chance to acquire property at a potentially favorable rate.
Contact Details
Branch:Branch Office : ARM BRANCH, CIRCLE OFFICE- VIJAYAWADA
Service Provider:BAANKNET
Contact Details:
Contact no:8331011695
