Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:612935
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE: VISAKHAPATNAM-I
Reserve Price:₹19,78,000
EMD:₹1,98,000
Bid Increment:₹10,000
Auction Time:1:00 PM to 2:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
Prime agricultural land located in Anakapalle, Visakhapatnam, Andhra Pradesh. This rectangular plot offers excellent potential for various agricultural ventures or future development. Situated in a developing area with good connectivity. Ideal opportunity for investors and agriculturalists seeking fertile land. The property is offered by Canara Bank through a SARFAESI auction.
State:Andhra Pradesh
City:Visakhapatnam
Area:Anakapalle
Asset Category:Residential
Full Address:230, SRI VIGENESHA ARCADE, Plot No 230 of Regional Deputy Director of Town and Control Planning, Visakhapatnam L.P No. 13/2009/V, Approved Lay out Covered by Survey No. 66/P of VEDURUWADA Revenue Village, Veduruwada, Anakapalle
Building/Society:SRI VIGENESHA ARCADE
Size:25.02 Sq. Yds
Auction Description
Canara Bank presents an online SARFAESI auction for a valuable parcel of land in Anakapalle, Visakhapatnam, Andhra Pradesh. The auction will take place on November 21, 2025, from 1:00 PM to 2:00 PM. The reserve price is set at ₹19,78,000, with an Earnest Money Deposit (EMD) of ₹1,98,000 required to participate. Don't miss this chance to acquire a significant land asset.
Borrower Name:Sri Ravi Kumar Achanta
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a plot of land in Anakapalle with a flat foundation, which presents a development opportunity. However, the auction terms and the specific nature of the property require careful assessment. It's a calculated risk with potential for value appreciation depending on local market conditions and development potential.
Contact Details
Branch:Branch Office : REGIONAL OFFICE: VISAKHAPATNAM-I
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no:8332956773
