Land for auction Vedayapalem Nellore 4 Cr Canara Bank

Property for Auction in Vedayapalem, Nellore, Andhra Pradesh

Recommendation
Strong BuyScore: 7.8
Possession
Symbolic
Size
432.777 sq yds
Reserve Price
3,90,04,000
Reserve Price
3,90,04,000
EMD Required
39,00,400
Property Specifications
Size432.777 sq yds
Possession StatusSymbolic
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Land
Location IconLocation:
Vedayapalem, Nellore
Auction Date IconAuction Date:
25-11-2025 11:00 AM

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: —

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