Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610662
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹5,67,000
EMD:₹57,000
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 SARFAESI regulations. The borrower associated with this asset is Sri. Kanmarlapudi Srinivasa Rao. This 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 an online SARFAESI auction for a residential plot in Denduluru, West Godavari, Andhra Pradesh. The auction will take place on November 21, 2025, from 01:00 PM to 02:00 PM. The reserve price for this plot is INR 567,000, with an Earnest Money Deposit (EMD) of INR 57,000 required to participate. Interested bidders are advised to review all auction terms and conditions on the bank's official portal.
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 represents a calculated opportunity due to its location in a developing area of West Godavari. The reserve price is relatively low, but the presence of multiple plots indicates potential for larger-scale development. Auction terms are standard, warranting careful due diligence before bidding.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no:7095199455/8332956773
