Land for auction Madhuranagar Kakinada 27 lakh Bank of India

This is a bank auction of a vacant land parcel located in Kakinada, Andhra Pradesh, brought to you by the Bank of India. The property is situated in the Kakinada area and is categorized as residential land. This is an excellent opportunity for investors or developers looking to acquire land in a developing region. The land offers flexibility for various development possibilities, subject to local regulations. The auction is conducted under the SARFAESI Act, ensuring a transparent process. The reserve price for this land is INR 27,26,000.00, with an EMD of INR 2,72,600.00 required to participate.

The Bank of India presents a SARFAESI auction for a residential land parcel in Kakinada, Andhra Pradesh. The auction will take place on December 9, 2025, commencing at 11:00 AM and concluding at 05:00 PM on the same day. The property, previously owned by Mr. Yenuganti Jagannadham, has a reserve price of INR 27,26,000.00. A Demand Draft for the Earnest Money Deposit (EMD) of INR 2,72,600.00 is required from eligible bidders. Interested parties are encouraged to review all auction terms and conditions before participating. This is a direct sale by the bank to recover dues.

The property offers a mix of land and residential space in Kakinada, presenting a potential investment. The reserve price is relatively competitive, but prospective buyers should conduct thorough due diligence. Given the location and auction terms, it's a calculated opportunity with moderate risk.