Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612086
Bank Name:Axis Bank
Branch Name:Retail Lending and Payment Group
Reserve Price:₹30,69,000
EMD:₹3,06,900
Bid Increment:₹10,000
Auction Time:11:00 AM to 12:00 Noon
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This is a prime land parcel located in the rapidly developing area of Madhurawada, Visakhapatnam, Andhra Pradesh. Situated in a well-connected locality, this property offers excellent potential for residential development. The land is part of a SARFAESI auction conducted by Axis Bank, presenting a unique opportunity for investors and buyers.
State:Andhra Pradesh
City:Visakhapatnam
Area:Madhurawada
Asset Category:Residential
Full Address:Plot No.5 and Flat No.405, VISHWANADH AVENUE-18, Survey No 209/part situated at Madhurawada Village, Madhurawada, Visakhapatnam
Building/Society:VISHWANADH AVENUE-18
Size:1468.67 Sq. Yds
Auction Description
Axis Bank is conducting a SARFAESI auction for a valuable land property in Madhurawada, Visakhapatnam. The auction will take place on November 21, 2025, from 11:00 AM to 12:00 PM. The reserve price for this residential land is INR 30,69,000, with an Earnest Money Deposit (EMD) of INR 3,06,900. This is a significant opportunity to acquire property in a growth corridor of Andhra Pradesh.
Borrower Name:SRI KANIMERAKA MADHAVA NAIDU
Auction Type:SARFAESI Auction
Guarantor Names:SMT KANIMERAKA SARASWATHI
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The property offers a mixed investment with land and a residential flat. The location in Madhurawada, Visakhapatnam, is promising, but the semi-constructed status of the property and the auction terms require careful consideration. A calculated approach is advised due to these factors.
Contact Details
Branch:Branch Office : Retail Lending and Payment Group
Service Provider:bankeauctions.com / C1 India
Contact Details:
Uddangi Rambabu
Contact no:7382922383
