Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610679
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹54,10,000
EMD:₹5,50,000
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
This is a residential plot located in Denduluru, West Godavari, Andhra Pradesh. The property is being auctioned by Canara Bank under the SARFAESI Act. It is a valuable opportunity to acquire land in a developing area. The plot is offered as part of a bank auction, providing a transparent and regulated sales process.
State:Andhra Pradesh
City:West Godavari
Area:Denduluru
Asset Category:Residential
Full Address:R.No. 108/5, Plot Nos. 33 to 57 total 25 vacant sites, Gopannapalem Village Panchayat Vegavaram Village, Denduluru
Size:6404.60 sq yds
Auction Description
Canara Bank is conducting an e-auction for a residential plot in Denduluru, West Godavari, Andhra Pradesh, under the SARFAESI Act. The auction will take place on November 21, 2025, from 1:00 PM to 2:00 PM. The reserve price for this SARFAESI auction is ₹5,41,000, with an Earnest Money Deposit (EMD) of ₹55,000 required to participate. This is a timely opportunity to invest in real estate through a secure bank auction.
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, a land in Denduluru, presents a calculated investment opportunity. The location in West Godavari and auction terms require careful consideration. The reserve price and EMD are competitive, but potential buyers should thoroughly assess the encumbrances and local market conditions.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:7095199455/8332956773
