Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612224
Bank Name:Union Bank of India
Branch Name:ASSET RECOVERY BRANCH, VISAKHAPATNAM
Reserve Price:₹77,28,000
EMD:₹7,72,800
Bid Increment:₹77,500
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
Union Bank of India is auctioning a valuable land and building property in Velampeta, Visakhapatnam, Andhra Pradesh. This residential asset, previously owned by M/s Infinite Shipping & Engineering Pvt. Ltd, offers a unique opportunity for investment or personal use in a prime location. The property is categorized as Land and Building, suitable for various development purposes. Don't miss this chance to acquire a significant asset in Visakhapatnam.
State:Andhra Pradesh
City:Visakhapatnam
Area:Velampeta
Asset Category:Residential
Full Address:Residential complex (G+1) in block no. 5. TS No. 137, D. No: 27-20-21 in market ward, Bowdara Road, Velampeta, Gajula Veedhi, Velampeta, Visakhapatnam
Size:251.01 Sq. yards
Auction Description
This is a SARFAESI auction conducted by Union Bank of India for a land and building property in Velampeta, 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 set at ₹77,28,000, with an Earnest Money Deposit (EMD) of ₹7,72,800 required to participate. This is a time-sensitive opportunity to bid on a desirable property.
Borrower Name:M/s Infinite Shipping & Engineering Pvt. Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Narava Apparao, Mr. Narava Rajasekhar, Mrs. Narava Anuradha, Mr. P R J Srinivasa Raju, Mrs. P P Hema Sridevi, Mrs. Chitturi Janaki Ram, Mrs. Narava Sudha Rani, Mr. D Venkata Rama Raju, Mrs. D Lakshmi Devi, Mr. Pericharla Harinadha Raju, Mrs. Pericharla Venkata Subba Lakshmi
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent residential opportunity in Visakhapatnam. The reserve price is relatively reasonable, but potential investors should carefully assess the location and property condition before bidding. It's a calculated opportunity with moderate risk.
Contact Details
Branch:Branch Office : ASSET RECOVERY BRANCH, VISAKHAPATNAM
Service Provider:BAANKNET
Contact Details:
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