Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611153
Bank Name:Union Bank of India
Branch Name:ASSET RECOVERY BRANCH, VISAKHAPATNAM
Reserve Price:₹57,90,000
EMD:₹5,79,000
Bid Increment:₹58,000
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 prime area of Madhurawada, Visakhapatnam, Andhra Pradesh. The property is part of a SARFAESI auction conducted by Union Bank of India. It presents a great opportunity for individuals or investors looking for a home in a well-developed locality.
State:Andhra Pradesh
City:Visakhapatnam
Area:Madhurawada
Asset Category:Residential
Full Address:201, Varaha Lakshmi Narasimha Paradise, Flat No 201 in First Floor of "Varaha Lakshmi Narasimha Paradise", Yendada, Madhurawada, Visakhapatnam
Building/Society:Varaha Lakshmi Narasimha Paradise
Size:1600 Sft
Auction Description
Union Bank of India is holding a SARFAESI auction for a residential flat in Madhurawada, Visakhapatnam. The auction will take place on November 28, 2025, from 12:00 PM to 05:00 PM. The reserve price is set at INR 57,90,000, with an Earnest Money Deposit (EMD) of INR 5,79,000. This is a secured creditor auction to recover dues from M/s. Sal Gauravisree Automotives.
Borrower Name:M/s. Sal Gauravisree Automotives
Auction Type:SARFAESI Auction
Guarantor Names:Legal heir's of Deceased Mr. Pradhana Rajendra Prasad, Mrs. Pradhana Triveni
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in Visakhapatnam, offered at a reserve price of ₹5790000.0. While the location is decent, potential buyers should carefully evaluate the property details and auction terms before participating.
Contact Details
Branch:Branch Office : ASSET RECOVERY BRANCH, VISAKHAPATNAM
Service Provider:BAANKNET
Contact Details:
Contact no: —
