Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609851
Bank Name:Canara Bank
Branch Name:ARM BRANCH, CIRCLE OFFICE- VIJAYAWADA
Reserve Price:₹1,31,00,000
EMD:₹13,10,000
Bid Increment:₹1,00,000
Auction Time:2.00 PM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-20
Property Description
This auction features a parcel of land located in Narasaraopet, Guntur, Andhra Pradesh. The property is categorized as residential and is being auctioned by Canara Bank under SARFAESI regulations. This is an excellent opportunity to acquire land in a developing region.
State:Andhra Pradesh
City:Guntur
Area:Narasaraopet
Asset Category:Residential
Full Address:Medikonduru Village D.No.351/B out of Ac.3.27 cents, an extent of Ac.2.00 cents, Medikonduru Village, Narasaraopet
Size:2.00 cents
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land parcel in Narasaraopet, Guntur. The auction will take place on November 20, 2025, from 2:00 PM to 4:00 PM. The reserve price for this auction is ₹1,31,00,000, with an Earnest Money Deposit (EMD) of ₹13,10,000 required to participate. The property was formerly associated with M/s. Ravindra Cotton Traders.
Borrower Name:M/s. Ravindra Cotton Traders
Auction Type:SARFAESI Auction
Guarantor Names:Manam Siva Kumari, Manam Ravindranath and Sunitha, Alapati Dhanunjaya Siva Rambabu S/o Sambasiva rao
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The land in Narasaraopet offers potential due to its location and agricultural use. The reserve price is substantial, but the location could present a calculated opportunity for the right investor. Further due diligence is recommended.
Contact Details
Branch:Branch Office : ARM BRANCH, CIRCLE OFFICE- VIJAYAWADA
Service Provider:BAANKNET
Contact Details:
Chief Manager
Contact no:8331011695
