Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610668
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹2,69,10,000
EMD:₹26,91,000
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 property is being auctioned by Canara Bank under the SARFAESI Act. It presents a great opportunity for investment or development in a growing region.
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, 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 online on November 21, 2025, between 1:00 PM and 2:00 PM. The reserve price is ₹5,04,000, with an EMD of ₹50,000. This is a prime opportunity to acquire land in a developing area.
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 consists of multiple plots in a developing area, offering potential for future appreciation. The pricing is competitive, and the auction terms are standard. However, due diligence regarding local market conditions and potential development restrictions is advised before bidding.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no:7095199455
