Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613515
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹57,00,000
EMD:₹5,70,000
Bid Increment:₹10,000
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
This is a land parcel located in Martur, Prakasam district, Andhra Pradesh. The property is categorized as residential land, offering a prime investment opportunity in a developing area. Its accessibility and potential for future development make it an attractive option for buyers looking to invest in real estate within the region. The land is being auctioned by Canara Bank.
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, Prakasam district, Martur, Prakasam
Size:3.52 cents
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land property in Martur, Prakasam, Andhra Pradesh. The auction starts on November 25, 2025, at 2:00 PM and concludes at 4:00 PM on the same day. The reserve price for this auction is INR 5,700,000, with an Earnest Money Deposit (EMD) of INR 570,000 required. This is a direct opportunity to acquire property under the SARFAESI Act.
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 land is located in Martur, a developing area of Prakasam district and is being offered at a reasonable reserve price. While the location may not be prime, the investment potential is there. Considering the auction terms and local market, this represents a Calculated Opportunity.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:8331011695
