Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611026
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹15,90,000
EMD:₹1,59,000
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
Prime residential plot located in Nellimarla, Vizianagaram, Andhra Pradesh. This property, part of a SARFAESI auction by Canara Bank, offers a great opportunity for investment or development in a developing area. The plot is situated in a well-connected region, making it an attractive location for future construction.
State:Andhra Pradesh
City:Vizianagaram
Area:Nellimarla
Asset Category:Residential
Full Address:30, 31, 34 & 35, SRI GRUHA JYOTHI VALLY, Plot Nos. 30, 31, 34 & 35 Layout named SRI GRUHA JYOTHI VALLY Covered by S.No. 94/6 of Kondagumpam Village & Panchayat, Kondagumpam Village, Vizianagaram
Building/Society:SRI GRUHA JYOTHI VALLY
Size:841.6 Sq.yds
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Nellimarla, Vizianagaram. The auction starts on November 21, 2025, at 1:00 PM and concludes at 2:00 PM on the same day. The reserve price is ₹15,90,000, with an Earnest Money Deposit (EMD) of ₹1,59,000 required. This is a significant opportunity to acquire a plot through a bank auction.
Borrower Name:M/s Nagasudha & Co
Auction Type:SARFAESI Auction
Guarantor Names:Sri. Dasari Venugopal Rao
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a decent investment opportunity given its location in Vizianagaram and the relatively moderate reserve price. However, potential investors should carefully assess the local market and growth prospects before bidding. The auction terms seem standard, offering a calculated risk for those looking to expand their portfolio.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:8332956773
