Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610691
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹2,70,000
EMD:₹27,000
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 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 is part of the auction initiated due to the borrower, Sri. Kanmarlapudi Srinivasa Rao, defaulting on obligations. It represents an opportunity to acquire land in a developing area of Andhra Pradesh.
State:Andhra Pradesh
City:West Godavari
Area:Denduluru
Asset Category:Residential
Full Address:R.No. 108/5, Plot Nos. 33 to 57, Gopannapalem Village Panchayat Vegavaram 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 ₹270,000, with an Earnest Money Deposit (EMD) of ₹27,000 required to participate. This is a timed online auction, offering a transparent process for interested buyers to bid on the property.
Borrower Name:Sri. Kanmarlapudi Srinivasa Rao
Auction Type:SARFAESI Auction
Guarantor Names:Sri. Chakka Mallikharjuna Rao S/o Vara Prasad
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a reasonable investment opportunity due to its location in West Godavari and the availability of multiple plots. While the reserve price seems relatively low, potential buyers should conduct thorough due diligence regarding the locality's market value. Auction terms appear standard, suggesting a calculated approach for those seeking land investments.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no:7095199455
