Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:612231
Bank Name:Union Bank of India
Branch Name:ASSET RECOVERY BRANCH, VISAKHAPATNAM
Reserve Price:₹53,00,000
EMD:₹5,30,000
Bid Increment:₹53,000
Auction Time:12:00 Noon to 5.00 p.m
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
This is a residential flat located in the Madhurawada area of Visakhapatnam, Andhra Pradesh. The property is being auctioned by Union Bank of India under the SARFAESI Act. It offers a potential opportunity for homeownership or investment in a developing locality. The flat is categorized under residential assets.
State:Andhra Pradesh
City:Visakhapatnam
Area:Madhurawada
Asset Category:Residential
Full Address:401 & 402, Maha Lakshmi Krishna Residency, Plot No.45, Near Door No.73-123, Flat No.401 & 402, 3rd Floor, Maha Lakshmi Krishna Residency, Bakkannapalem Village, Madhurawada, Visakhapatnam
Building/Society:Maha Lakshmi Krishna Residency
Size:1633.00 sq. ft.
Auction Description
Union Bank of India is conducting a SARFAESI auction for a residential flat in Madhurawada, Visakhapatnam. The auction will take place on November 28, 2025, starting at 12:00 PM and concluding at 05:00 PM. The reserve price is ₹53,00,000, with an Earnest Money Deposit (EMD) of ₹5,30,000 required. This is a bank auction of a property formerly mortgaged by Mrs. Chandra Kala Yalla.
Borrower Name:Mrs. Chandra Kala Yalla
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Yalla Subba Rao, Sh. Y Radha Krishna
Legal Details
Possession Status:Physical
Encumbrance Details:There are no encumbrances known to the Bank on the property.
Why This Property
This flat in Madhurawada presents a strong investment opportunity due to its desirable location and reasonable reserve price. The property's size and residential nature make it appealing for families or rental income. Given the clear title and auction terms, it's a solid buy for potential investors.
Contact Details
Branch:Branch Office : ASSET RECOVERY BRANCH, VISAKHAPATNAM
Service Provider:BAANKNET
Contact Details:
Contact no: —
