Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612949
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE : NELLORE
Reserve Price:₹82,49,000
EMD:₹8,24,900
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 auction features a valuable plot of land located in Vedayapalem, Nellore, Andhra Pradesh. The property is categorized as residential land, offering a prime opportunity for development or investment in a growing area. Situated in a recognized locality within Nellore city, this asset provides excellent potential for future appreciation.
State:Andhra Pradesh
City:Nellore
Area:Vedayapalem
Asset Category:Residential
Full Address:Plot No: 204, Vedayapalem area land in Survey No. 93/1 and 93/2 of Vedayapalem village under layout plan vide P.R.No.6 dt: 02.10.1970, Vedayapalem, Nellore
Size:222.969 sq.mts
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land parcel in Vedayapalem, Nellore. The auction will take place on November 25, 2025, from 11:00 AM to 01:00 PM. The reserve price is set at ₹8,249,000, with an Earnest Money Deposit (EMD) of ₹824,900 required to participate. This is a unique opportunity to acquire property through a bank auction. Interested bidders should ensure they meet all pre-auction requirements.
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
Why This Property
The property's location in Vedayapalem, Nellore, along with its reserve price, suggests a calculated investment opportunity. While not a prime location, the land's accessibility and potential for future development justify consideration for investors seeking medium-risk opportunities. The auction terms are standard.
Contact Details
Branch:Branch Office : REGIONAL OFFICE : NELLORE
Service Provider:BAANKNET
Contact Details:
Contact no:9440905284
