Property for Auction in Resapuvanipalem, Visakhapatnam, Andhra Pradesh
Auction ID:448488
Bank Name:Union Bank of India
Branch Name:ASSET RECOVERY BRANCH, VISAKHAPATNAM
Reserve Price:₹5,74,00,000
EMD:₹57,40,000
Service Provider:BAANKNET
Submission Date:27-02-2025 05:00 PM
Bid Start Date:28-02-2025 12:00 PM
The property is a Land and Building located in Resapuvanipalem, Visakhapatnam, Andhra Pradesh. It comprises a site of 360 Sq. Yds or 301.006 Sq. Mts, with a RCC Building. The building features a Ground Floor and a First Floor, each measuring 1150 Sft. The property is identified by Door No 50-1-50, Asst. No 46500/17, Water tax Asst. No 45500/785, and Electricity Service Connection Nos 58298 & 73602. It falls under S No 7 of Resapuvanipalem Village, within the Greater Visakhapatnam Municipal Corporation. The property is classified as Urban residential land & Building. The total plinth area is reported as 8116 sft, though a legal opinion suggests 1150 sft for each floor (GF and FF). The location is near Alluri Seetharama Raju Statue, ASR Nagar, Seethammadhara. The boundaries are: East: 80 ft Wide Road, South: Vacant Site, West: Vacant Site, North: Others Building. According to the Sale Deed, the boundaries are: East: 80 ft Wide Road, South: Building of Others, West: Plot No 174, North: Plot No 184.
State:Andhra Pradesh
City:Visakhapatnam
Area:Resapuvanipalem
Asset Category:Residential
This is a SARFAESI Auction for a Land and Building property in Resapuvanipalem, Visakhapatnam, presented by Union Bank of India. The property consists of a site measuring 360 Sq. Yds or 301.006 Sq. Mts, with a RCC Building. The building has a Ground Floor and First Floor, each measuring 1150 Sft. The property is located at Door No 50-1-50, Asst. No 46500/17, Water tax Asst. No 45500/785, with Electricity Service Connection Nos 58298 & 73602. It is covered by S No 7 of Resapuvanipalem Village within the Greater Visakhapatnam Municipal Corporation area. The property is described as Urban residential land & Building. The total plinth area is stated as 8116 sft (including GF, FF, SF, and TF), but legal opinion suggests 1150 sft each for the ground and first floor. The property is near Alluri Seetharama Raju Statue, ASR Nagar, Seethammadhara, Visakhapatnam. The boundaries are: East: 80 ft Wide Road, South: Vacant Site, West: Vacant Site, North: Others Building. As per the Sale Deed, the boundaries are: East: 80 ft Wide Road, South: Building of Others, West: Plot No 174, North: Plot No 184. The Reserve Price is 57,400,000.00 and the EMD is 5,740,000.00. The auction is conducted by BAANKNET and the Asset Recovery Branch in Visakhapatnam. The auction starts on 28-02-2025 at 12:00 PM and ends on 28-02-2025 at 05:00 PM. Application submission deadline is 27-02-2025 05:00 PM. Contact details: 0891-2537792/2537782, 9324517291.
Borrower Name:M/s. Maruthi Constructions
Auction Type:SARFAESI Auction
Contact No : 0891-2537792/2537782, 9324517291