Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610664
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹45,40,000
EMD:₹4,50,000
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
A residential plot located in Denduluru, West Godavari, Andhra Pradesh, being auctioned by Canara Bank under SARFAESI regulations. This is an opportunity to acquire land in a developing area. The property is offered by the bank due to loan default by the borrower, Sri. Kanmarlapudi Srinivasa Rao. Ideal for residential development or investment.
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 take place on November 21, 2025, from 01:00 PM to 02:00 PM. The reserve price is set at 4,54,000.00, with an Earnest Money Deposit (EMD) of 45,000.00 required to participate. This is a unique chance to purchase a property directly from the bank.
Borrower Name:Sri. Kanmarlapudi Srinivasa Rao
Auction Type:SARFAESI Auction
Guarantor Names:Sri. Chakka Mallikharjuna Rao
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a calculated opportunity due to its location in a developing area and the potential for future appreciation. The auction terms are standard, and the price point requires careful market analysis to ensure profitability. The scattered nature of the plots could pose logistical challenges.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no:7095199455/8332956773
