Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611782
Bank Name:Canara Bank
Branch Name:Regional Office
Reserve Price:₹19,00,000
EMD:₹1,90,000
Auction Time:10:30 A.M. to 11.00 A.M.
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
Discover a prime investment opportunity in Kakinada, East Godavari, Andhra Pradesh. This residential plot, measuring 190 square yards, is being auctioned by Canara Bank. Located in a developing area, it offers excellent potential for residential construction. The property is situated in a well-connected part of Kakinada, ensuring accessibility and convenience.
State:Andhra Pradesh
City:East Godavari
Area:Kakinada
Asset Category:Residential
Full Address:Plot No.102 & Flat No. T 2, MNR Towers, Ramanayyapeta Village, S.No 284/1, 284/2, 29/1P, Plot No.102, Ramanayyapeta, Kakinada
Building/Society:MNR Towers
Size:311 sq.yds.
Auction Description
Canara Bank presents a SARFAESI auction for a residential plot in Kakinada, East Godavari. The auction will be held on November 25, 2025, from 10:30 AM to 11:00 AM. The reserve price is set at ₹19,00,000, with an Earnest Money Deposit (EMD) of ₹1,90,000 required. This is a fantastic chance to acquire a valuable asset directly from the bank at a competitive price. Interested bidders are encouraged to review all auction terms and conditions provided by Canara Bank.
Borrower Name:Mrs. Taninki Raja Rajeswari
Auction Type:SARFAESI Auction
Guarantor Names:Taninki Satish
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a mixed opportunity with both a plot and a semi-finished flat in Kakinada. The reserve price is relatively competitive, but the 'semi-finished' status of the flat introduces additional investment risk. Further due diligence is advised before bidding.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:Public Auction
Contact Details:
Contact no:8331015628
