Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610680
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
A residential plot located in Denduluru, West Godavari, Andhra Pradesh. This property is being auctioned by Canara Bank under SARFAESI proceedings. The plot is part of a residential asset category, offering a prime opportunity for investment or development in a developing region. Its location in West Godavari provides access to local amenities and infrastructure.
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 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 ₹504,000, with an Earnest Money Deposit (EMD) of ₹50,000 required. This is a secured asset under SARFAESI Act, offered due to the borrower Sri. Kanmarlapudi Srinivasa Rao's default.
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 offers a calculated investment opportunity due to its location in Denduluru, a developing area of West Godavari. The reserve price is moderate considering the total land area, and the auction terms are standard. However, potential investors should assess the local market conditions and growth prospects carefully before bidding.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:7095199455
