Property for Auction in Velampeta, Visakhapatnam, Andhra Pradesh
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
Submission Date:13-08-2025 05:00 PM
Bid Start Date:14-08-2025 12:00 PM
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
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
Phone No : 08912537792 / 2537782 / Mobile No : 9324517291