Land for auction 5 Durga Complex, Governorpet, Vijayawada by BOI

This is a prime land parcel located in the bustling Governorpet area of Vijayawada, Andhra Pradesh. The property is offered by Union Bank of India through a SARFAESI auction. Situated in a well-developed urban locality, this land presents a significant investment opportunity for residential development or commercial use. Its strategic location ensures excellent connectivity and access to civic amenities, making it a desirable asset in a rapidly growing city. The land is being auctioned to recover dues from M/s. Swastik Enterprises.

Union Bank of India is conducting a SARFAESI auction for a valuable land property in Governorpet, Vijayawada, Andhra Pradesh. The auction has a reserve price of INR 3,15,00,000 and requires an Earnest Money Deposit (EMD) of INR 31,50,000. The bidding will take place on 30-10-2025, commencing at 12:00 PM and concluding at 05:00 PM on the same day. This is a unique chance to acquire a significant land asset in a prime location, with the auction aimed at the recovery of debts owed by M/s. Swastik Enterprises.

The property's location in Governorpet, a prime area of Vijayawada, combined with the existing G+2 structure, makes it a strong investment. The reserve price, while substantial, reflects the value of the land and building in this desirable locality.