Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612950
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE : NELLORE
Reserve Price:₹2,47,50,000
EMD:₹24,75,000
Auction Time:11:00 AM to 01:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a prime land parcel located in Vedayapalem, Nellore, Andhra Pradesh. The property is being auctioned by Canara Bank under SARFAESI Act. This is a valuable opportunity to acquire land in a developing area, suitable for residential development. The land is situated in a well-connected locality within Nellore city.
State:Andhra Pradesh
City:Nellore
Area:Vedayapalem
Asset Category:Residential
Full Address:Plot No. 201, 202 & 203, Survey No. 93/1, Vedayapalem area near Door No: 26-1-1605, Vedayapalem, Nellore
Size:666.832 sq mts
Auction Description
Canara Bank is conducting a SARFAESI auction for a land property in Vedayapalem, Nellore, Andhra Pradesh. The auction will take place on November 25, 2025, starting at 11:00 AM and concluding at 01:00 PM. The reserve price for this asset is ₹2,47,50,000, with an Earnest Money Deposit (EMD) of ₹24,75,000. This is a direct opportunity to purchase land from the bank.
Borrower Name:M/s Sri Lakshmi Prasuna
Auction Type:SARFAESI Auction
Guarantor Names:Sri. DSL Narayana Rao, Sri. DSLV Prasad Rao, Smt. D Rajeswaramma, Smt. Kalva Rajeswaramma, Smt. D. Swaroopa, Smt. D. Saroja, Smt. CH Varalakshmi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Vedayapalem, Nellore, presents a decent opportunity given its land size and potential use. The reserve price seems reasonable, but a thorough due diligence of the location and encumbrances is recommended. Auction terms are standard, adding to the accessibility for potential investors.
Contact Details
Branch:Branch Office : REGIONAL OFFICE : NELLORE
Service Provider:BAANKNET
Contact Details:
Contact no: —
