Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:612951
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE : NELLORE
Reserve Price:₹3,90,04,000
EMD:₹39,00,400
Auction Time:11:00 AM to 01:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
A valuable plot of land located in the established area of Vedayapalem, Nellore, Andhra Pradesh. This residential land offers significant potential for development or investment. Situated in a well-connected locality, it provides easy access to essential amenities and services. Ideal for builders and individual buyers looking to acquire property in a growing region.
State:Andhra Pradesh
City:Nellore
Area:Vedayapalem
Asset Category:Residential
Full Address:Vedayapalem on eastern side to GNT Road area, Land in Patta No.1, Survey No.60/11 and its corresponding present Re Survey No. 40/1 under Layout, R Mark lot, jyothi Nagar area Muncipal Ward No. 26-2, Near Door No.1243, Vedayapalem, Nellore
Size:432.777 sq yds
Auction Description
Canara Bank is conducting a SARFAESI auction for a prime plot of land in Vedayapalem, Nellore. The reserve price is INR 3,90,04,000, with an Earnest Money Deposit (EMD) of INR 39,00,400. The auction will take place on November 25, 2025, from 11:00 AM to 01:00 PM. This is a unique opportunity to purchase a significant land asset through a transparent bidding process. Don't miss this chance to invest in Nellore's real estate market.
Borrower Name:M/s Sri Lakshmi Prasuna
Auction Type:SARFAESI Auction
Guarantor Names:Sri. DSL Narayana Rao, Sri. DSLV Prasad Rao, Smt. D Rajeswaramma, Smt. Kalva Rajeswaramma, Smt. D. Swaroopa, Smt. D. Saroja, Smt. CH Varalakshmi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Vedayapalem, a developing area of Nellore, along with its significant size, makes it a worthwhile investment. The reserve price is substantial, reflecting the property's potential value and the auction terms are standard, encouraging participation.
Contact Details
Branch:Branch Office : REGIONAL OFFICE : NELLORE
Service Provider:BAANKNET
Contact Details:
Contact no: —
