Land for auction P - Velampeta - Visakhapatnam by BOI

Property for Auction in Velampeta, Visakhapatnam, Andhra Pradesh

Property Type IconProperty Type:
Land And Building
Location IconLocation:
Velampeta, Visakhapatnam
Auction Date IconAuction Date:
14-08-2025 12:00 PM

Auction Details

Auction ID:545244

Bank Name:Union Bank of India

Branch Name:ASSET RECOVERY BRANCH, VISAKHAPATNAM

Reserve Price:95,40,000

EMD:9,54,000

Service Provider:BAANKNET

Important Dates

Submission Date:13-08-2025 05:00 PM

Bid Start Date:14-08-2025 12:00 PM

Property Description

This offering features a Land and Building property located in the Velampeta area of Visakhapatnam, Andhra Pradesh. As a residential asset, it presents potential for various uses. Situated in a key urban center, the property offers accessibility and convenience. This is an ideal acquisition for investors or individuals looking to own a piece of Visakhapatnam's real estate. The property is being auctioned by Union Bank of India under SARFAESI proceedings.

State:Andhra Pradesh

City:Visakhapatnam

Area:Velampeta

Asset Category:Residential

Auction Description

Union Bank of India invites bids for a SARFAESI auction of Land and Building in Velampeta, Visakhapatnam. This is a fantastic opportunity to acquire property in a prime location. The reserve price is INR 95,40,000, with an Earnest Money Deposit (EMD) of INR 9,54,000. The auction will be conducted online by Union Bank of India on August 14, 2025, from 12:00 PM to 5:00 PM. This asset was previously mortgaged by M/s Infinite Shipping & Engg. Pvt. Ltd. Don't miss out on this chance to invest in Visakhapatnam.

Borrower Name:M/s Infinite Shipping & Engg. Pvt. Ltd

Auction Type:SARFAESI Auction

Contact Details

Phone No : 08912537792 / 2537782 / Mobile No : 9324517291

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