Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614463
Bank Name:Indian Bank
Branch Name:Kakinada Branch
Reserve Price:₹18,00,000
EMD:₹1,80,000
Auction Time:10.00 am to 4.00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This is a SARFAESI auction for a residential plot located in Samalkot, Kakinada, Andhra Pradesh. The property is being auctioned by Indian Bank. It's a fantastic opportunity to acquire land in a developing area. The plot is suitable for residential construction, offering a great chance for investment or building your dream home. Don't miss this chance to own a piece of prime real estate in Kakinada.
State:Andhra Pradesh
City:Kakinada
Area:Samalkot
Asset Category:Residential
Full Address:40, RS No. 124/2,DTCP Hyderabad LPNo.53/1998, Thimmapuram Village, Thimmapuram Grama Panchayath, Kakinada Rural Mandal, Samalkota Sub Registrar Office, Kakinada Dist, Thimmapuram, Kakinada
Size:201.66 sqyds
Auction Description
Indian Bank presents a SARFAESI auction for a residential plot in Samalkot, Kakinada, Andhra Pradesh. The auction will commence on November 19, 2025, at 10:00 AM and conclude at 4:00 PM on the same day. The reserve price for this valuable plot is INR 18,00,000, with an Earnest Money Deposit (EMD) of INR 1,80,000 required. This is a direct sale opportunity from the bank, offering clear title and a straightforward acquisition process.
Borrower Name:Sri.Akula Ravi Krishna
Auction Type:SARFAESI Auction
Guarantor Names:Smt. Akula Devi Sree, Thota Subbarao nagar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Encumbrances on property
Why This Property
The plot in Kakinada presents a reasonable investment given its location and size. The reserve price appears fair, but potential investors should verify encumbrances. This opportunity warrants a 'Calculated Opportunity' rating due to its balance of potential and risks.
Contact Details
Branch:Branch Office : Kakinada Branch
Service Provider:BAANKNET
Contact Details:
D RAJESH
Contact no:9908124506
