Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612173
Bank Name:Indian Overseas Bank
Branch Name:REGIONAL OFFICE : Visakhapatnam
Reserve Price:₹48,01,000
EMD:₹4,08,100
Bid Increment:₹50,000
Auction Time:10:30 AM to 12:30 Noon
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-03
Bid Start Date:2025-12-05
Property Description
This is a residential house located in the prime area of Allipuram, Visakhapatnam, Andhra Pradesh. The property is being auctioned by Indian Overseas Bank. Ideal for families seeking a home in a well-established locality.
State:Andhra Pradesh
City:Visakhapatnam
Area:Allipuram
Asset Category:Residential
Full Address:31-3-34/1, D.No.31-3-34/1, Asst No. 1086187857, Ammavari Veedhi covered by T.S. No. 838, Block No. 30, Allipuram ward, Allipuram, Visakhapatnam
Size:60.48 sq.yards
Auction Description
Indian Overseas Bank presents a SARFAESI auction for a residential house in Allipuram, Visakhapatnam. The auction starts on December 5, 2025, at 10:30 AM and concludes at 12:30 PM on the same day. The reserve price is set at INR 48,01,000 with an Earnest Money Deposit (EMD) of INR 4,80,100. This is a significant opportunity for prospective buyers.
Borrower Name:Mrs. Gopavarapu Mani
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Gopavarapu Gangadhara Narasimha Rao
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property is located in Allipuram, a reasonably good area in Visakhapatnam. The reserve price of ₹48,01,000 and EMD of ₹4,08,100 make it an accessible investment, but potential buyers should carefully assess the property's condition and market value before bidding.
Contact Details
Branch:Branch Office : REGIONAL OFFICE : Visakhapatnam
Service Provider:BAANKNET
Contact Details:
Contact no:8925950121
