Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614466
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 residential plot located in Samalkot, Kakinada, Andhra Pradesh. The property is being auctioned by Indian Bank under SARFAESI Act. The plot offers a promising opportunity for residential development in a developing area.
State:Andhra Pradesh
City:Kakinada
Area:Samalkot
Asset Category:Residential
Full Address:43, Plot No.43, in an extent of 201.66 sqyds, situated in Plot Nos. 39 part, 40,41,42 and 43, at RS No. 124/2,DTCP Hyderabad LPNo.53/1998, Thimmapuram Village, Thimmapuram Grama Panchayath, Kakinada Rural Mandal, Samalkota Sub Registrar Office, Kakinada Dist bounded by as under. East: 55ft- 16.76mts- Site in Plot No. 42, West: 55ft-16.76 mts-Site in Plot No.44; North: 33ft-10.06mts-Site in Plot No.26; South :33ft-10.06mts-33 feet wide Road, 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 take place on November 19, 2025, from 10:00 AM to 4:00 PM. The reserve price is INR 18,00,000, with an EMD of INR 1,80,000. This is a direct auction from the bank, offering a clear title and transparent transaction process.
Borrower Name:Sri.Akula Ravi Krishna
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The plot in Samalkot presents a moderate investment opportunity due to its location and reserve price. While the location is developing, potential investors should carefully evaluate the market dynamics. The auction terms seem standard, suggesting a need for due diligence before bidding.
Contact Details
Branch:Branch Office : Kakinada Branch
Service Provider:BAANKNET
Contact Details:
D RAJESH
Contact no:9908124506
