Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:610671
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹50,40,000
EMD:₹5,00,000
Bid Increment:₹10,000
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 auction presents a prime residential plot located in Denduluru, West Godavari, Andhra Pradesh. Situated in a well-regarded area, this plot offers an excellent opportunity for development or investment. The property is being auctioned by Canara Bank under the SARFAESI Act.
State:Andhra Pradesh
City:West Godavari
Area:Denduluru
Asset Category:Residential
Full Address:33 to 57, 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, starting at 01:00 PM and concluding at 02:00 PM. The reserve price for this plot is ₹5,04,000, with an Earnest Money Deposit (EMD) of ₹50,000. This is a valuable opportunity to acquire property in a developing region. All interested bidders are advised to review the auction terms and conditions thoroughly.
Borrower Name:Sri. Kanmarlapudi Srinivasa Rao
Auction Type:SARFAESI Auction
Guarantor Names:Sri. Chakka Mallikharjuna Rao
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a collection of vacant plots in a rural area of Andhra Pradesh. The reserve price, while not exceptionally high, requires due diligence regarding potential development costs and local market demand. This opportunity is best suited for investors familiar with the region.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:7095199455
