Land for auction Municipal Corporation Park, Patamata, Vijayawada by The Cosmos Co-oper...

The property is a Land and Building located at Patamata, Vijayawada, Andhra Pradesh. It consists of three contiguous parcels: Item No. 1 is 1017.5 Square Yards (after road widening), with a 57500 sq ft built-up area including ground floor, 6 upper floors, rooftop amenities, and various rooms and facilities. Items No. 2 and 3 are parcels of 480 Square Yards and 141 Square Yards respectively, also with constructions. The entire property is mortgaged to The Cosmos Co-operative Bank Ltd. The building has been constructed as a hotel complex. Key details include premises No. 40-1-73, situated in Revenue Ward No. 11, Municipal Ward No. 28, Block No. 5, NTS No. 125. The property is bounded by a Municipal Corporation Park and Bandar Road to the North and South respectively, and properties of Kanuru Kutumba Rao, Kanuru Sowbhagya Lakshmi Kutumba Kumari, Mr. Manhar, and Kanuru Koteshwar Rao to the East and West, depending on the specific item.

This is a SARFAESI auction for a commercial property located in Patamata, Vijayawada, Andhra Pradesh. The property is a Land and Building complex owned by M/s. Bridgecap Hospitality Private Limited and mortgaged to The Cosmos Co-operative Bank Ltd. The property comprises a total land extent of 1017.5 Square Yards (post road widening) or 1012 Square Meters, with a built-up area of 57500 sq ft. The building features a ground floor (6655 sq ft), 6 upper floors (each 5408 sq ft), a rooftop bar and restaurant, a fitness center, various guest rooms (single, double, triple, suites, presidential suite), lobby, coffee shop, administrative offices, a stilt floor with banquet hall, board room, business center, and parking facilities. The auction includes three items (Item No. 1, 2, and 3) which have been clubbed for a hotel complex construction. The auction starts on March 25, 2025, at 12:30 PM and ends at 01:30 PM. The reserve price is 41,96,22,739.00 and the EMD is 4,19,62,274.00.