Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612085
Bank Name:Axis Bank
Branch Name:Retail Lending and Payment Group
Reserve Price:₹20,73,060
EMD:₹2,07,306
Bid Increment:₹10,000
Auction Time:11:00 AM to 12:00 Noon
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
Axis Bank is auctioning a parcel of land located in Anandapuram, Visakhapatnam, Andhra Pradesh. This residential land is part of a SARFAESI auction. The property is associated with the borrower SRI NAGAVOLU SRIDHAR.
State:Andhra Pradesh
City:Visakhapatnam
Area:Anandapuram
Asset Category:Residential
Full Address:24, GOOGLE RESIDENCY (OKA-IV), Survey No 240/4P 8P 9P 10 & 254/7P total extent of Ac 3.14 cents in that "GOOGLE RESIDENCY (OKA-IV)" Layout, Plot No.24 admeasuring 139.60 Sq. Yds., or 116.73 Sq.Mts, Anandapuram, Visakhapatnam
Building/Society:GOOGLE RESIDENCY (OKA-IV)
Size:139.60 Sq. Yds
Auction Description
This is a SARFAESI auction conducted by Axis Bank for a land property in Anandapuram, Visakhapatnam. The auction will take place on November 21, 2025, starting at 11:00 AM and concluding at 12:00 PM. The reserve price is INR 2,073,060, with an Earnest Money Deposit (EMD) of INR 207,306 required to participate.
Borrower Name:SRI NAGAVOLU SRIDHAR
Auction Type:SARFAESI Auction
Guarantor Names:SMT NAGAVOLU APRANA
Legal Details
Possession Status:Physical
Encumbrance Details:NIL
Why This Property
The property is a plot of land in a developing area, offering good potential for appreciation. However, the location and specific layout details require careful evaluation. The reserve price seems reasonable given the area, suggesting a calculated investment opportunity.
Contact Details
Branch:Branch Office : Retail Lending and Payment Group
Service Provider:bankeauctions.com / C1 India
Contact Details:
Uddangi Rambabu
Contact no:7382922383
