Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:614462
Bank Name:Indian Bank
Branch Name:Kakinada Branch
Reserve Price:₹9,00,000
EMD:₹90,000
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 auction features a valuable residential plot located in Samalkot, Kakinada, Andhra Pradesh. The property, part of an Indian Bank SARFAESI auction, offers a prime opportunity in a developing area. Ideal for investment or building a home, this plot is situated in a region known for its growth potential. Don't miss the chance to acquire this asset through a transparent and efficient auction process.
State:Andhra Pradesh
City:Kakinada
Area:Samalkot
Asset Category:Residential
Full Address:39part, Plot No.39part, situated at RS No. 124/2, DTCP Hyderabad LPNo.53/1998, Thimmapuram Village, Thimmapuram Grama Panchayath, Kakinada Rural Mandal, Samalkota Sub Registrar Office, Thimmapuram, Kakinada
Size:100.83 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 04:00 PM on the same day. The reserve price is set at INR 9,00,000, with an Earnest Money Deposit (EMD) of INR 90,000 required to participate. This is a direct opportunity to bid on a property owned by Sri. Akula Ravi Krishna, facilitating a straightforward transaction.
Borrower Name:Sri.Akula Ravi Krishna
Auction Type:SARFAESI Auction
Guarantor Names:Akula Satyanarayana, Akula Devi Sree, Akula Subbarao nagar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a reasonable opportunity due to its location in Kakinada and the relatively low reserve price. However, the plot's dimensions and specific location within Thimmapuram warrant careful consideration. Given the terms of the bank auction, a thorough due diligence process is advised before bidding.
Contact Details
Branch:Branch Office : Kakinada Branch
Service Provider:BAANKNET
Contact Details:
D RAJESH
Contact no:9908124506
