Property for Auction in Vizianagaram, Vizianagaram, Andhra Pradesh
Recommendation:Strong BuyScore: 7.8
Auction ID:609363
Bank Name:Axis Finance Limited
Branch Name:Bangalore
Reserve Price:₹8,43,09,255
EMD:₹84,30,092
Bid Increment:₹1,00,000
Auction Time:11:00 AM to 12:00 NOON
Service Provider:drt.auctiontiger.net
Submission Date:2025-11-15
Bid Start Date:2025-11-17
This is a prime commercial building located in the heart of Vizianagaram, Andhra Pradesh. Situated in a well-developed area, the property offers excellent visibility and accessibility. Ideal for various business ventures, this asset presents a significant investment opportunity in a growing city. Its strategic location ensures a steady flow of potential customers and clients. The property is being auctioned by Axis Finance Limited. The auction is conducted under the SARFAESI Act.
State:Andhra Pradesh
City:Vizianagaram
Area:Vizianagaram
Asset Category:Commercial
Full Address:8-9-16/16, 8-9-16/16, constructed upon property bearing Survey nos. 681/7 situated at Block No.16, Kalinganagar, Rangalaveedhi, Kalinganagar, Vizianagaram
Axis Finance Limited presents an exciting SARFAESI auction for a valuable commercial building in Vizianagaram, Andhra Pradesh. The bidding opens with a reserve price of ₹8,43,09,255. An Earnest Money Deposit (EMD) of ₹84,30,092 is required to participate. The auction will take place on November 17, 2025, with bidding starting at 11:00 AM and closing at 12:00 PM on the same day. This is a unique chance to acquire a substantial commercial asset in a key location. Don't miss this opportunity to invest in Vizianagaram's commercial landscape.
Borrower Name:VENKATARAMANA SIGILIPELLI
Auction Type:SARFAESI Auction
Guarantor Names:PADMA GOWRI SIGILIPELLI, RAVI SANKAR SIGILIPELLI, NAVEEN SIGILIPELLI
The commercial building in Vizianagaram presents a solid investment opportunity due to its location. Priced at ₹84,309,255, the property's commercial nature, combined with a visible auction date, positions it as a potentially lucrative asset.
Branch:Branch Office : Bangalore
Service Provider:drt.auctiontiger.net
Contact Details:
Syed Khadarvali / Vachana Swamy
Contact no:9059837786/7406368669