Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:612934
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
This is a valuable plot of land located in Anakapalle, Visakhapatnam, Andhra Pradesh. The property is being auctioned by Canara Bank under SARFAESI provisions. It is a residential land, offering a great opportunity for development or investment in a growing area. The location in Anakapalle, Visakhapatnam, provides good connectivity and potential for appreciation.
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 is conducting a SARFAESI auction for a residential land parcel in Anakapalle, Visakhapatnam, Andhra Pradesh. The auction has a reserve price of ₹19,78,000 and an Earnest Money Deposit (EMD) of ₹1,98,000. The auction will take place on November 21, 2025, starting at 01:00 PM and concluding at 02:00 PM. This is a direct opportunity to acquire land in a sought-after region of Andhra Pradesh.
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 land in Anakapalle, offered at a reasonable reserve price. While the location is not a prime metropolitan area, the auction terms are standard. This represents a calculated opportunity for local investors familiar with the Anakapalle real estate market.
Contact Details
Branch:Branch Office : REGIONAL OFFICE: VISAKHAPATNAM-I
Service Provider:BAANKNET
Contact Details:
Contact no:8332956773
