Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611727
Bank Name:Canara Bank
Branch Name:Kakinada Branch
Reserve Price:₹27,00,000
EMD:₹2,70,000
Auction Time:10:30 AM to 11:30 AM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
This is a residential plot located in Kakinada, East Godavari, Andhra Pradesh. The property is being auctioned by Canara Bank under the SARFAESI Act. It is an excellent opportunity to acquire land in a developing area. The plot is suitable for residential construction.
State:Andhra Pradesh
City:East Godavari
Area:Kakinada
Asset Category:Residential
Full Address:Plot No. 29, 30, 31 & 32, Toorangi Village, Toorangi Gramapanchayat, Toorangi, Kakinada
Size:630.80 Sq. Yards
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Kakinada, East Godavari, Andhra Pradesh. The auction will take place on November 19, 2025, from 10:30 AM to 11:30 AM. The reserve price for this property is ₹27,00,000, with an Earnest Money Deposit (EMD) of ₹2,70,000. This is a prime opportunity for investors and individuals looking to purchase property in the region.
Borrower Name:Mr. Kankatala Dattu Sandeep
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Kankatala Pattabhi Ramayya
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The plot is located in Kakinada, a developing area, and the price appears reasonable. However, potential buyers should thoroughly investigate the encumbrances and development potential before bidding. Overall, it's a calculated risk with potential for long-term appreciation.
Contact Details
Branch:Branch Office : Kakinada Branch
Service Provider:BAANKNET
Contact Details:
Contact no:0884-2366727
