Land for auction Ongole Rural Ongole 1 Cr Canara Bank

This is a prime piece of land located in Ongole, Prakasam district, Andhra Pradesh. Offered by Canara Bank through a SARFAESI auction, this residential asset presents a significant investment opportunity. The property is situated in a developing area, making it ideal for future residential projects or capital appreciation. Its clear title and location in a growing city add to its appeal. Don't miss the chance to acquire this valuable land parcel.

Canara Bank is conducting a SARFAESI auction for a residential land parcel in Ongole, Prakasam. The auction will take place on November 21, 2025, from 10:30 AM to 11:30 AM. The reserve price for this property is ₹1,35,69,000, with an Earnest Money Deposit (EMD) of ₹13,56,900 required to participate. This is a unique opportunity to acquire land in Andhra Pradesh directly from the bank. All interested bidders are advised to review the auction terms and conditions thoroughly before participating.

The property's location in Ongole and residential building potential offer a calculated opportunity. However, the auction terms and pending DRT case warrant careful consideration before investing. The reserve price appears reasonable given the size.