Property for Auction in Chinna Waltair, Visakhapatnam, Andhra Pradesh
Auction ID:521733
Bank Name:Union Bank of India
Branch Name:ASSET RECOVERY BRANCH, VISAKHAPATNAM
Reserve Price:₹80,00,000
EMD:₹8,00,000
Service Provider:BAANKNET
Submission Date:25-06-2025 05:00 PM
Bid Start Date:26-06-2025 12:00 PM
The property consists of two schedules. Schedule A details a total land area of 1999.98 Sq. Yards (1672.243 Sq. Meters), comprising Plot Nos. 5, 6 & 7, located in Block No.9, T.S. No.78 of Waltair Ward, within the Municipal Corporation of Visakhapatnam and Visakhapatnam Registration Sub District. The land is bordered by Lala Hospital Road (East), a 40 feet wide Road (South), Plot No.4 (West), and properties belonging to others (North). Schedule B specifies an undivided and unspecified share of 45 Sq. Yards (37.625 Sq. Meters) out of the total land extent, corresponding to Flat No.1C measuring 1325 Sft. (including balconies and common areas) on the Ground Floor (Level-1) of a building named "ROYALE" situated on the Schedule-A site. The boundaries for Flat No.1C are Open Space to the East and West, Open Space facing the Road to the South, and Entrance and Common Corridor to the North. The flat is registered under Sale Deed Number 4833/2004 dated 04.11.2004 in the name of Mr. Mahaboob Subhani Khan S/o Mr. Ismail Khan. The property type is classified as Land, suitable for Residential use.
State:Andhra Pradesh
City:Visakhapatnam
Area:Chinna Waltair
Asset Category:Residential
This is a SARFAESI auction for a piece of land measuring 1999.98 Sq. Yards, bearing Plot Nos. 5, 6 & 7, located in Chinna Waltair, Visakhapatnam, Andhra Pradesh. The property is bounded by Lala Hospital Road to the East, a 40 feet wide Road to the South, Plot No.4 to the West, and buildings of others to the North. The auction also includes an undivided and unspecified share of a site measuring 45 Sq. Yards (37.625 Sq. Meters) with Flat No.1C (1325 Sft.) on the Ground Floor of "ROYALE" within the land parcel. This flat is owned by Mr. Mahaboob Subhani Khan. The auction is conducted by Union Bank of India, ASSET RECOVERY BRANCH, VISAKHAPATNAM. The reserve price is 8000000.00 and the EMD is 800000.00. The auction will be held on 26-06-2025 from 12:00 PM to 05:00 PM.
Borrower Name:M/s MS Constructions
Auction Type:SARFAESI Auction
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