Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614028
Bank Name:Bank of India
Branch Name:Regional office
Reserve Price:₹33,32,000
EMD:₹3,33,200
Bid Increment:₹50,000
Auction Time:11:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:08-12-2025 05:00 PM
Bid Start Date:2025-12-09
Property Description
Bank of India presents a SARFAESI auction for a valuable plot of land in Tungalam, Visakhapatnam, Andhra Pradesh. This residential land offers a prime opportunity in a developing area. Ideal for investors or those looking to build their dream home. The auction is conducted by the Bank of India, ensuring a transparent and secure transaction process.
State:Andhra Pradesh
City:Visakhapatnam
Area:Tungalam
Asset Category:Residential
Full Address:406, Sree DMK Heights, Tungalam Village, within the limits of Greater Visakhapatnam Municipal Corporation and Gajuwaka Registration Sub District, Tungalam, Visakhapatnam
Building/Society:Sree DMK Heights
Size:36.25 Sq.yds
Auction Description
Participate in the Bank of India's SARFAESI auction for a land parcel in Tungalam, Visakhapatnam. The auction begins on December 9, 2025, at 11:00 AM and concludes at 5:00 PM on the same day. The reserve price is ₹33,32,000, with an Earnest Money Deposit (EMD) of ₹3,33,200 required to bid. This is a legal auction conducted under SARFAESI Act provisions. Don't miss this chance to acquire land in Andhra Pradesh.
Borrower Name:Mr. Ramanam Suresh
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a combination of land and flat in a developing locality of Visakhapatnam. The reserve price appears reasonable, making it a potentially good investment. However, further due diligence regarding the location and encumbrances is recommended before bidding.
Contact Details
Branch:Branch Office : Regional office
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:9959036347
