Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611726
Bank Name:Canara Bank
Branch Name:Kakinada Branch
Reserve Price:₹19,00,000
EMD:₹1,90,000
Auction Time:10:30 A.M to 11.30 A.M
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
This is a bank auction for a residential plot located in Peddapuram, East Godavari, Andhra Pradesh. The property is being auctioned by Canara Bank under SARFAESI rules. It is a great opportunity to acquire land in a developing area.
State:Andhra Pradesh
City:East Godavari
Area:Peddapuram
Asset Category:Residential
Full Address:8, Adjacent to premises bearing D.No.8-4-40/3, V Survey Ward No.2, Block No. 1, TS.No.5/1 TS.No. 2-1-5/1A, Peddapuram, Peddapuram
Size:214.5 yards
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Peddapuram, East Godavari. The auction will take place on November 19, 2025, from 10:30 AM to 11:30 AM. The reserve price for this auction is INR 19,00,000, with an Earnest Money Deposit (EMD) of INR 1,90,000. This is a prime opportunity to invest in real estate. Bidders are advised to conduct their own due diligence.
Borrower Name:M/s Padma Trading Company
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The plot's location in Peddapuram offers decent potential. The reserve price seems reasonable, but further due diligence on local market conditions is recommended before bidding. Auction terms appear standard.
Contact Details
Branch:Branch Office : Kakinada Branch
Service Provider:BAANKNET
Contact Details:
Contact no:0884-2366727
