Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614005
Bank Name:Indian Bank
Branch Name:SEETHAΜΜΑΡΕΤΑ BRANCH
Reserve Price:₹46,87,000
EMD:₹4,68,700
Bid Increment:₹10,000
Auction Time:10.00 am to 5 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
A residential flat located in Pedawaltair, Visakhapatnam, Andhra Pradesh. This property is being auctioned by Indian Bank under SARFAESI. The flat offers a potential residential opportunity in a well-known area of Visakhapatnam. Ideal for individuals looking to invest in property within the city.
State:Andhra Pradesh
City:Visakhapatnam
Area:Pedawaltair
Asset Category:Residential
Full Address:FF-5 & FF-6, Krishnanjali Towers, Krishnanjali Towers, Pedawaltair, Visakhapatnam, Pedawaltair, Visakhapatnam
Building/Society:Krishnanjali Towers
Size:2000 Sq.feet
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential flat in Pedawaltair, Visakhapatnam. The auction will take place on December 10, 2025, starting at 10:00 AM and ending at 05:00 PM. The reserve price for this property is INR 46,87,000, with an Earnest Money Deposit (EMD) of INR 4,68,700. This is a valuable opportunity to acquire a property through a bank auction.
Borrower Name:Mr. Bandaru Narayanamurthy
Auction Type:SARFAESI Auction
Guarantor Names:Bandaru Kanchana
Legal Details
Possession Status:Physical
Encumbrance Details:NIL
Why This Property
The property is a reasonably priced flat in a decent location in Visakhapatnam. While the area is developing, the lack of clear specifics on the property's condition and immediate surroundings makes it a 'Calculated Opportunity'. Further due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : SEETHAΜΜΑΡΕΤΑ BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no:08291220220
