Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610659
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹4,56,000
EMD:₹46,000
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 vacant plot located in Denduluru, West Godavari, Andhra Pradesh. The plot is being auctioned by Canara Bank under the SARFAESI Act. It represents an opportunity to acquire land in a developing area of Andhra Pradesh. The borrower for this property was Sri. Kanmarlapudi Srinivasa Rao. The property is categorized as residential land.
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 Panchayat Vegavaram Village, Denduluru
Size:6404.60 sq yds
Auction Description
Canara Bank is conducting an online 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 auction is ₹4,56,000, with an Earnest Money Deposit (EMD) of ₹46,000 required to participate. This is a single-day auction event.
Borrower Name:Sri. Kanmarlapudi Srinivasa Rao
Auction Type:SARFAESI Auction
Guarantor Names:Sri. Chakka Mallikharjuna Rao S/o Vara Prasad, Tholam Srinivasa Rao
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land parcel in a developing area, presenting a moderate investment opportunity. The reserve price is relatively low, but the limited information and location require careful due diligence. Recommendation is a calculated opportunity, balancing potential returns with inherent risks.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no:7095199455/8332956773
