Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:612228
Bank Name:Union Bank of India
Branch Name:ASSET RECOVERY BRANCH, VISAKHAPATNAM
Reserve Price:₹15,60,00,000
EMD:₹1,56,00,000
Bid Increment:₹15,60,000
Auction Time:12:00 Noon to 5.00 p.m
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
This auction presents a prime piece of land in Anandapuram, Visakhapatnam, Andhra Pradesh. The property is categorized as Residential and is being auctioned by Union Bank of India under the SARFAESI Act. It offers a significant opportunity for development in a growing region.
State:Andhra Pradesh
City:Visakhapatnam
Area:Anandapuram
Asset Category:Residential
Full Address:Nidigattu Village & Panchayat, Bheemunipatnam Mandalam, Anandapuram, Anandapuram, Visakhapatnam
Size:6.37 Acres
Auction Description
Union Bank of India is conducting a SARFAESI auction for a valuable parcel of land in Anandapuram, Visakhapatnam. The auction has a reserve price of ₹15,60,00,000 and an Earnest Money Deposit (EMD) of ₹1,56,00,000. Bidders can participate in the auction, which will commence on November 28, 2025, at 12:00 PM and conclude at 5:00 PM on the same day. This is a unique chance to acquire a substantial asset.
Borrower Name:M/s Infinite Shipping & Engineering Pvt. Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Narava Apparao, Mr. Narava Rajasekhar, Mrs. Narava Anuradha, Mr. P R J Srinivasa Raju, Mrs. P P Hema Sridevi, Mrs. Chitturi Janaki Ram, Mrs. Narava Sudha Rani, Mr. D Venkata Rama Raju, Mrs. D Lakshmi Devi, Mr. Pericharla Harinadha Raju, Mrs. Pericharla Venkata Subba Lakshmi
Legal Details
Possession Status:Physical
Encumbrance Details:There are no encumbrances known to the Bank on the property.
Why This Property
The land's size and location in Anandapuram, a developing area of Visakhapatnam, make it a strong investment opportunity. The absence of known encumbrances further enhances its appeal. The relatively high reserve price and EMD should be carefully considered against potential returns.
Contact Details
Branch:Branch Office : ASSET RECOVERY BRANCH, VISAKHAPATNAM
Service Provider:BAANKNET
Contact Details:
Sd/- Authorised Officer
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