Land and Building for Auction Desaipeta Visakhapatnam 41 Lakh by Karnataka Bank 17 Jun 2026
Desaipeta, Visakhapatnam
Area: 151.88 Sq. Yds
D. No. 2/380-1, Desaipeta
Karnataka Bank · Asset Recovery Management Branch
Reserve price
₹41,00,000
EMD ₹4,10,000
Auction date
17 Jun 2026, 11:00 AM
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Quick read
- ▸Possession: Constructive
- ▸Area: 151.88 Sq. Yds
- ▸Locality: Desaipeta
- ▸Reserve: ₹41,00,000
- ▸EMD: ₹4,10,000
Auction snapshot
| Possession | Constructive |
| Property type | Land And Building · Residential |
| Locality | Desaipeta |
| Built-up / plot area | 151.88 Sq. Yds |
| Lender | Karnataka Bank |
| Branch | Asset Recovery Management Branch |
| Unit / flat no. | 2/380 |
| Auction type | SARFAESI Auction |
| Service provider | Auctionbazaar |
About this property
Land And Building bank auction in Desaipeta, Visakhapatnam by Karnataka Bank — reserve price ₹41,00,000, 151.88 Sq. Yds, Constructive possession.
Bank auction property: Residential land and building for sale in Machilipatnam, Visakhapatnam, Andhra Pradesh. The property spans 151.88 sq. yds and includes a house located in Desaipeta, near Door No. 2/380. This bank auction offers a prime investment opportunity with a reserve price of ₹41,00,000 and an EMD of ₹4,10,000. The property is bounded by Maddiravamma site/house to the East, Polagani Venkateswara Rao site/thatched to the West, Municipal Road to the North, and B Lakshmi Prasanna site to the South. Latitude & Longitude: 16.171036 & 81.116095. Don't miss this chance to own a valuable property through Karnataka Bank's e-auction!
GeoSquare note: The property is a residential land and building in Machilipatnam with a reserve price of ₹41,00,000, making it a moderately attractive investment. The location is reasonable, but the constructive posession status slightly reduces its appeal. It is a fair option for buyers seeking property in this price range and area.
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