Commercial Building for auction Kalinganagar Vizianagaram 8 Cr Axis Finance Limited

Property for Auction in Vizianagaram, Vizianagaram, Andhra Pradesh

Recommendation
Strong BuyScore: 7.8
Reserve Price
8,43,09,255
Reserve Price
8,43,09,255
EMD Required
84,30,092
Property Specifications
Unit No.8-9-16/16
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Commercial Building
Location IconLocation:
Vizianagaram, Vizianagaram
Auction Date IconAuction Date:
17-11-2025 11:00 AM

Auction Details

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

Important Dates

Submission Date:2025-11-15

Bid Start Date:2025-11-17

Property Description

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

Auction Description

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

Why This Property

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.

Contact Details

Branch:Branch Office : Bangalore

Service Provider:drt.auctiontiger.net

Contact Details:

Syed Khadarvali / Vachana Swamy

Contact no:9059837786/7406368669

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