Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613512
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹1,18,64,000
EMD:₹12,00,000
Bid Increment:₹1,00,000
Auction Time:02:00 PM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-25
Property Description
This is a residential plot located in Narasaraopet, Guntur, Andhra Pradesh. The property is part of a SARFAESI auction conducted by Canara Bank. It is a valuable land parcel situated in a developing area, offering potential for residential construction or investment. The plot is being auctioned due to a loan default by the borrower, M/s. Vamsi Krishna Cotton.
State:Andhra Pradesh
City:Guntur
Area:Narasaraopet
Asset Category:Residential
Full Address:Plot Nos. 1 to 15, 17, 18 and 23 to 26, D No: 488 48/1 of Timmapuram Village, Edlapadu Mandal, Narasaraopet Registration District, Guntur district, Timmapuram Village, Narasaraopet
Size:3867.23 Sq.mts
Auction Description
Canara Bank is holding a SARFAESI auction for a residential plot in Narasaraopet, Guntur, Andhra Pradesh. The auction will commence on November 25, 2025, at 02:00 PM and conclude at 04:00 PM on the same day. The reserve price for this plot is INR 1,18,64,000, with an Earnest Money Deposit (EMD) of INR 12,00,000 required to participate. This is a significant opportunity for buyers seeking property in the Guntur region.
Borrower Name:M/s. Vamsi Krishna Cotton
Auction Type:SARFAESI Auction
Guarantor Names:Sri Amirineni Ramesh Babu, Sri Katakam Siva Ram Prasad, Sri Gollapudi Sri Rama Sarma
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a vacant plot in a developing area. The reserve price is relatively high, but the location and size present a potential investment opportunity. Due diligence is recommended to assess the land's suitability and market value.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:8331011695
