Land for auction Nakkapalli Visakhapatnam 48 lakh Bajaj Finance Ltd.

This auction features a prime piece of land located in Nakkapalli, Visakhapatnam, Andhra Pradesh. The property, owned by Ramana Agencies, is being auctioned by Bajaj Finance Ltd. under the SARFAESI Act. It's a significant opportunity for investment in a growing region. The land is categorized as residential, offering potential for development or future appreciation. Situated in the vibrant city of Visakhapatnam, this parcel presents a unique chance to acquire real estate in a sought-after location.

Bajaj Finance Ltd. presents a SARFAESI auction for a valuable land parcel in Nakkapalli, Visakhapatnam. The auction will commence on November 17, 2025, at 11:00 AM and conclude at 01:00 PM on the same day. The reserve price for this residential land is INR 47,97,468.00, with an Earnest Money Deposit (EMD) of INR 4,79,746.00 required to participate. This is a direct opportunity to bid on a property being auctioned due to loan default, offering a chance to secure real estate at a competitive price.

The land in Nakkapalli presents a calculated opportunity due to its location and size. While not a prime investment, the reserve price and potential for appreciation make it worth considering. Auction terms appear standard, but due diligence is recommended.