Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614464
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 prime residential plot located in Samalkot, Kakinada, Andhra Pradesh. This plot is being auctioned by Indian Bank under SARFAESI Act. Benefitting from a strategic location, it presents an excellent opportunity for residential development or investment. The property is situated in a developing area with good connectivity.
State:Andhra Pradesh
City:Kakinada
Area:Samalkot
Asset Category:Residential
Full Address:41, Plot No.41, RS No. 124/2, DTCP Hyderabad LPNo.53/1998, Thimmapuram Village, Thimmapuram Grama Panchayath, Kakinada Rural Mandal, Thimmapuram Village, 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 asset is INR 18,00,000, with an Earnest Money Deposit (EMD) of INR 1,80,000 required. This is a significant opportunity to acquire a plot in a growing region of Andhra Pradesh.
Borrower Name:Sri.Akula Ravi Krishna
Auction Type:SARFAESI Auction
Guarantor Names:Smt. Akula Devi Sreeve, Akula Satyanarayana, Thota Subbarao nagar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The plot in Kakinada presents a decent investment opportunity due to its size and location. The reserve price appears reasonable, though further due diligence is recommended before bidding. Overall, it's a calculated opportunity with moderate potential.
Contact Details
Branch:Branch Office : Kakinada Branch
Service Provider:BAANKNET
Contact Details:
D RAJESH
Contact no:9908124506
