Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.9
Auction ID:611735
Bank Name:Canara Bank
Branch Name:Kakinada Branch
Reserve Price:₹68,45,500
EMD:₹6,84,550
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
A prime plot located in Kakinada, East Godavari, Andhra Pradesh. This residential plot is being auctioned by Canara Bank as part of a SARFAESI auction. The property is situated in a developing area, offering excellent potential for residential construction. Benefiting from the growing infrastructure of Kakinada, this plot presents a valuable investment opportunity in a sought-after location.
State:Andhra Pradesh
City:East Godavari
Area:Kakinada
Asset Category:Residential
Full Address:D.No. 10-2-5, Ramaraopeta, Pamuvari street, Ward No. 3, Ramaraopeta, Kakinada
Size:74.86 sq.yds
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Kakinada, East Godavari, Andhra Pradesh. The auction has a reserve price of ₹68,45,500 and requires an EMD of ₹6,84,550. Bidding will take place on November 19, 2025, starting at 10:30 AM and concluding at 11:30 AM. This is a unique opportunity to acquire a plot in a growing region, directly from the bank.
Borrower Name:Mr. Pithala Srinivas
Auction Type:SARFAESI Auction
Guarantor Names:Ms. Pithala Aruna, Mr. Perumalla Srinivasa Rao
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property, a residential plot in Kakinada, presents a calculated opportunity due to its location and price point. While not a prime investment, it offers potential for value appreciation. The auction terms are standard, requiring careful due diligence.
Contact Details
Branch:Branch Office : Kakinada Branch
Service Provider:BAANKNET
Contact Details:
Contact no:7780287813
