Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610683
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 is a residential plot located in Denduluru, West Godavari, Andhra Pradesh. The property is being auctioned by Canara Bank as part of a SARFAESI action. It is an excellent opportunity to acquire land in a developing area.
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 be held on November 21, 2025, from 01:00 PM to 02:00 PM. The reserve price for this auction is ₹504,000, with an Earnest Money Deposit (EMD) of ₹50,000 required to participate. This is a direct opportunity to bid on the property formerly belonging to Sri. Kanmarlapudi Srinivasa Rao.
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 plots in Denduluru offer a potential investment opportunity, but the remote location requires careful consideration. The reserve price is reasonable, but the lack of immediate development potential tempers the recommendation.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no:7095199455
