Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611872
Bank Name:Canara Bank
Branch Name:ARM BRANCH, CIRCLE OFFICE- VIJAYAWADA
Reserve Price:₹6,66,000
EMD:₹66,600
Bid Increment:₹10,000
Auction Time:2.00 PM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-20
Property Description
A valuable land and building asset located in Nallapadu, Guntur, Andhra Pradesh. This residential property is being auctioned by Canara Bank under the SARFAESI Act. It presents a compelling opportunity for investment or personal use in a developing area. The property is situated in a recognized locality, offering potential for appreciation. Ideal for those seeking to acquire real estate through a transparent auction process.
State:Andhra Pradesh
City:Guntur
Area:Nallapadu
Asset Category:Residential
Full Address:9, D.No. 1206/B2 of Ankireddypalem, Nallapadu, Guntur
Size:183 sq yards
Auction Description
Canara Bank invites bids for the auction of land and building in Nallapadu, Guntur, Andhra Pradesh. This SARFAESI auction has a reserve price of INR 6,66,000 and an EMD of INR 66,600. The auction will be conducted online on November 20, 2025, from 02:00 PM to 04:00 PM. This is a prime opportunity to acquire a residential asset. Interested bidders are advised to review all auction terms and conditions on the bank's official portal.
Borrower Name:M/s Paramount Foot Wear
Auction Type:SARFAESI Auction
Guarantor Names:Smt Yalamanchili Sudha Rani
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential plot in Nallapadu, Guntur, offered at a reasonable reserve price. However, the location and type suggest a calculated approach, balancing potential returns with associated risks, making it a calculated opportunity investment.
Contact Details
Branch:Branch Office : ARM BRANCH, CIRCLE OFFICE- VIJAYAWADA
Service Provider:BAANKNET
Contact Details:
Contact no:8331011695
