Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610682
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹50,40,000
EMD:₹5,00,000
Bid Increment:₹25,000
Auction Time:01:00 PM to 02:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This is a residential plot located in Denduluru, West Godavari, Andhra Pradesh. The property is being auctioned by Canara Bank under the SARFAESI Act. The plot offers a great opportunity for development in a developing region.
State:Andhra Pradesh
City:West Godavari
Area:Denduluru
Asset Category:Residential
Full Address:R.No. 108/5, Plot Nos. 33 to 57, Gopannapalem Village, Denduluru
Size:6404.60 sq yds
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Denduluru, West Godavari, Andhra Pradesh. The auction will take place on November 21, 2025, from 1:00 PM to 2:00 PM. The reserve price for this plot is ₹5,04,000, with an Earnest Money Deposit (EMD) of ₹50,000 required to participate. This is a prime opportunity for investors and buyers seeking land in this Andhra Pradesh location.
Borrower Name:Sri. Kanmarlapudi Srinivasa Rao
Auction Type:SARFAESI Auction
Guarantor Names:Sri. Chakka Mallikharjuna Rao, Tholam Srinivasa Rao
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property comprises multiple plots in a developing area, presenting a moderate investment opportunity. The location in West Godavari offers potential for future appreciation, but the auction terms and reserve price require careful evaluation. It's a calculated risk with potential upside.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no:7095199455/8332956773
