Land for auction 39 Paravada, Visakhapatnam by PNB

This auction features a valuable parcel of land located in Paravada, Visakhapatnam, Andhra Pradesh. Classified under the residential asset category, this property is offered by Punjab National Bank as part of a SARFAESI auction. The land is situated in a region with growing infrastructure and economic activity, making it an attractive investment. It is an ideal plot for residential development or other ventures. The property is being auctioned due to the loan default by M/s Kamal Coffee Works.

Punjab National Bank invites bids for a prime piece of land in Paravada, Visakhapatnam, Andhra Pradesh. This SARFAESI auction, associated with M/s Kamal Coffee Works, presents a unique opportunity for investors and developers. The auction will be held on September 8, 2025, commencing at 11:00 AM and concluding at 4:00 PM. The reserve price is set at INR 1,23,48,000, with an Earnest Money Deposit (EMD) of INR 12,35,000. This residential land offers significant potential in a developing area.