Land for auction 457 Devi Plaza, Maddilapalem, Visakhapatnam by Canara

Vacant land measuring 457.5 sq.yards or 382.529 sq.meters in two items situated at Chaitanya Nagar, Maddilapalem village, within the limits of Municipal Corporation of Visakhapatnam, Andhra Pradesh. The property falls under Visakhapatnam registration sub-district. The auction is for a residential land parcel.

This is a SARFAESI auction conducted by Canara Bank for a vacant land located in Maddilapalem, Visakhapatnam, Andhra Pradesh. The land measures a total of 457.5 sq. yards (382.529 sq. meters) and is divided into two items. The first item measures 400 sq. yards (334.452 sq. meters) and is bounded by Gudla Rajanna Reddy's site and the second item to the east, a 3 feet wide pathway and sites belonging to Jagannadha Appala Konda and Sadi Appayyamma to the south, vacant surplus land in S.No 55/18 belonging to Gudla Yerrayya to the west, and Devi Plaza Apartments to the north. The second item measures 57.5 sq. yards (48.072 sq. meters) and is bounded by a 30 feet wide road and a tin shed to the east, a tin shed and site belonging to Gudla Ganesh Reddy to the south, the first item site to the west, and Devi Plaza Apartments to the north. The reserve price for this auction is ₹2,59,50,000.00 and the Earnest Money Deposit (EMD) is ₹25,95,000.00. The auction will be held on February 24, 2025, from 02:00 PM to 03:00 PM. Application submission deadline is February 24, 2025, at 01:00 PM. The property is associated with the borrower M/s SOWRYA CONSTRUCTIONS.