Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614465
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
A residential plot located in Samalkot, Kakinada, Andhra Pradesh. This asset is being auctioned by Indian Bank under SARFAESI regulations. The property offers a prime opportunity for residential development or investment in a growing area.
State:Andhra Pradesh
City:Kakinada
Area:Samalkot
Asset Category:Residential
Full Address:Plot No.42, 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 is conducting 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 is set at ₹18,00,000, with an Earnest Money Deposit (EMD) of ₹1,80,000 required to participate. This is a unique chance to acquire property in a sought-after location.
Borrower Name:Sri.Akula Ravi Krishna
Auction Type:SARFAESI Auction
Guarantor Names:Akula Satyanarayana, Akula Devi Sree
Legal Details
Possession Status:Symbolic
Encumbrance Details:Encumbrances on property if any: NIL
Why This Property
The plot offers a decent investment opportunity due to its location in Samalkot, Kakinada, and reasonable reserve price. However, potential investors should carefully consider local market conditions and growth prospects. The auction terms are standard, making it a calculated risk worth considering.
Contact Details
Branch:Branch Office : Kakinada Branch
Service Provider:BAANKNET
Contact Details:
D RAJESH
Contact no:9908124506
