Property for Auction in Devarappalii, West Godavari, Andhra Pradesh
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610401
Bank Name:Canara Bank
Branch Name:ARM BRANCH, CIRCLE OFFICE- VIJAYAWADA
Reserve Price:₹72,90,000
EMD:₹7,29,000
Bid Increment:₹10,000
Auction Time:02:00 PM to 04:00 PM
Service Provider:BAANKNET
Submission Date:2025-11-24
Bid Start Date:2025-11-24
This is a prime non-agricultural land parcel located in Devarappalii, West Godavari, Andhra Pradesh. The property is categorized as residential and is being auctioned by Canara Bank under SARFAESI regulations. Benefitting from its location in a developing area, this land offers excellent potential for residential development. Don't miss this opportunity to acquire a valuable asset in a growing region.
State:Andhra Pradesh
City:West Godavari
Area:Devarappalii
Asset Category:Residential
Full Address:RS No 83/13 of kondagudem village, Gowripatnam Panchayath, Devarapalli Mandal, West Godavari District, Devarappalii, West Godavari
Size:2.25 Acres
Canara Bank presents an exclusive SARFAESI auction for a non-agricultural land in Devarappalii, West Godavari. The auction will take place online on November 24, 2025, from 02:00 PM to 04:00 PM. The reserve price is set at INR 72,90,000 with an Earnest Money Deposit (EMD) of INR 7,29,000. This is a fantastic opportunity for investors and developers to acquire a significant land parcel. For further details, please refer to the official auction notification.
Borrower Name:M/s Lakshmi Narayana Metals
Auction Type:SARFAESI Auction
Guarantor Names:Sri Naga Seshagiri rao Daparthi, S/o Achutha Rao
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
The property is a non-agricultural land in Devarapalli, West Godavari, offered at ₹7290000.0. While the location may offer potential for development, the recommendation reflects a calculated approach due to limited information and potentially lower immediate returns, the reserve price is a bit high.
Branch:Branch Office : ARM BRANCH, CIRCLE OFFICE- VIJAYAWADA
Service Provider:BAANKNET
Contact Details:
Chief Manager
Contact no:8331011695