Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611738
Bank Name:Canara Bank
Branch Name:Kakinada Branch
Reserve Price:₹32,58,000
EMD:₹3,25,800
Auction Time:10:30 AM to 11:30 AM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
This auction features a valuable residential plot located in Kakinada, East Godavari, Andhra Pradesh. The property is being auctioned by Canara Bank under the SARFAESI Act. It presents an excellent opportunity for investment or development in a sought-after area. The plot is part of the estate of Mr. Pithala Srinivas.
State:Andhra Pradesh
City:East Godavari
Area:Kakinada
Asset Category:Residential
Full Address:D.No. 9-11-55/1, 9-11-55/2 in Old ward No. 1, Present Ward No. 2, Block No. 9, Kakinada City, Gandhinagar, Gollapeta area, TS.No. 721/1, LP.No. 48/88 and D.No. 10-2-4, Ramaraopeta, Pamuvari street, Gandhinagar, Gollapeta, Kakinada
Size:93.07 Sq. Yards
Auction Description
Canara Bank is conducting an online SARFAESI auction for a residential plot in Kakinada, East Godavari. The auction will take place on November 19, 2025, from 10:30 AM to 11:30 AM. The reserve price is ₹3,258,000, with an Earnest Money Deposit (EMD) of ₹325,800 required to participate. This is a limited-time opportunity to acquire a prime asset.
Borrower Name:Mr. Pithala Srinivas
Auction Type:SARFAESI Auction
Guarantor Names:Ms. Pithala Aruna, Mr. Perumalla Srinivasa Rao
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is located in a well-established area of Kakinada. The reserve price seems reasonable. The buyer should carefully review the property details and legal aspects before bidding.
Contact Details
Branch:Branch Office : Kakinada Branch
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no:0884-2366727
