Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611384
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹91,80,000
EMD:₹9,18,000
Auction Time:10:30 A.M. to 11:30 A.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-26
Property Description
A prime plot of land located in Gudipallipadu, Nellore, Andhra Pradesh. This residential plot is being offered for auction by Canara Bank. The property is situated in a developing area with potential for future growth. Ideal for builders or individuals looking to construct their dream home or invest in real estate.
State:Andhra Pradesh
City:Nellore
Area:Gudipallipadu
Asset Category:Residential
Full Address:Gudipallipadu Area, Patta No. 56, Survey No 70, Gudipallipadu, Nellore
Size:418.06 sqmts
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Gudipallipadu, Nellore. The auction will take place on November 26, 2025, from 10:30 AM to 11:30 AM. The reserve price is set at INR 91,80,000, with an Earnest Money Deposit (EMD) of INR 9,18,000 required to participate. This is a significant opportunity to acquire property in a sought-after location.
Borrower Name:M/s. Virginia Anti Corrosive Paints
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Sethudeep Chandra Mouli, Sri D Sumithrappa, Mr. Benu Deep Chandra Mouli
Legal Details
Possession Status:Physical
Encumbrance Details:no encumbrances to the knowledge of the bank
Why This Property
The plot in Gudipallipadu, Nellore, presents a reasonable opportunity given its location and size. The reserve price seems fair, but potential investors should carefully assess the local market conditions. Auction terms are standard, making it a calculated risk with moderate potential for return.
Contact Details
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:7901626759
