Flat for auction 106 Sagar Vihar, Waltair, Visakhapatnam by Karur Vysya Bank

A Flat bearing No. 106 (Ground Floor) situated at Door No.7-5-1/57/5 of Sagar Vihar Apartments, admeasuring 54 Sq.yds. or 45 Sq. Mts., bearing undivided and unspecified share out of 1793.26 sq.yds or 1499.4 Sq. mts, covered by T.S.No. 1011/1A1A/1, Ramakrishna Beach Road, Waltair Ward within the limits of Municipal Corporation, Visakhapatnam. The property is bounded by: North: Property belongs to Mr. A. Datta Prasad and 2 others, East: 40 feet Road, West: Other property - Vacant land, South: Sagar View Apartments.

This is a SARFAESI Auction for a Residential Flat located at Flat No. 106 (Ground Floor) in Sagar Vihar Apartments, Door No. 7-5-1/57/5, Ramakrishna Beach Road, Waltair, Visakhapatnam, Andhra Pradesh. The property, admeasuring 54 Sq.yds. or 45 Sq. Mts., is offered by Karur Vysya Bank with a reserve price of ₹8,000,000.00 and an Earnest Money Deposit (EMD) of ₹800,000.00. The auction is conducted by bankauctions.in. The property is jointly owned by Shaik Mahaboob Subhani and Shaik Jawaharlal, acquired via Sale Deed No. 2162/1996 dated 17.07.1996. The property is bounded by Mr. A. Datta Prasad and 2 others to the North, a 40 feet Road to the East, vacant land to the West, and Sagar View Apartments to the South. The borrower is M/s. Steel City Shipping Services (P) Ltd. The auction starts on 29-07-2025 at 11:00 AM and ends on 29-07-2025 at 01:00 PM. The last date for application submission is 28-07-2025 by 05:00 PM. For inquiries, contact the Authorised Officer at 9949624491.