Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611715
Bank Name:Canara Bank
Branch Name:Kakinada Branch
Reserve Price:₹39,07,000
EMD:₹3,90,700
Auction Time:10:30 A.M to 11:30 A.M
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This is a prime plot of land located in Rajahmundry, East Godavari district, Andhra Pradesh. The property is categorized as residential and is being auctioned by Canara Bank under SARFAESI Act. It presents a significant investment opportunity in a developing area. The plot is suitable for residential construction and offers a chance to own a piece of land in a sought-after location.
State:Andhra Pradesh
City:East Godavari
Area:Rajahmundry
Asset Category:Residential
Full Address:86, Vaka Gardens, R.S.No. 301 an extent of Ac. 3-25 Cents and some other land of an extent of Ac. 0.75 Cents of Katari Rajyalakshmi, totalling Ac. 4-00 cents of land formed into layout named "Vaka Gardens" in which Plot No. 86, V.L Puram, Rajahmundry
Building/Society:Vaka Gardens
Size:141.90 Sq. Yards
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Rajahmundry, East Godavari, Andhra Pradesh. The auction will commence on November 19, 2025, at 10:30 AM and conclude at 11:30 AM on the same day. The reserve price for this plot is ₹39,07,000, with an Earnest Money Deposit (EMD) of ₹3,90,700 required to participate. This is a unique opportunity to acquire property directly from the bank.
Borrower Name:M/s Kandikonda Minerals
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Kandikonda Srinivasa Rao, Mr. Vasireddy Raghavendra Kumar
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is a plot in Rajahmundry, presenting a moderate investment opportunity. The location is decent, but further due diligence is required to assess the full potential. The reserve price and EMD are reasonable, making it a calculated risk.
Contact Details
Branch:Branch Office : Kakinada Branch
Service Provider:BAANKNET
Contact Details:
Contact no:0884-2366727
