Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610558
Bank Name:Indian Overseas Bank
Branch Name:Regional Office
Reserve Price:₹30,06,000
EMD:₹3,00,600
Bid Increment:₹10,000
Auction Time:10:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-02
Bid Start Date:2025-12-03
Property Description
This is a vacant plot of land located in Anakapalle, Visakhapatnam, Andhra Pradesh. The property is being auctioned by Indian Overseas Bank under the SARFAESI Act. It is situated in a developing area, offering potential for residential construction or investment. The plot's exact dimensions and boundaries should be verified by interested bidders.
State:Andhra Pradesh
City:Visakhapatnam
Area:Anakapalle
Asset Category:Residential
Full Address:1-15-16, Anjayya Colony, Door No.1-15-16, Gandhinagaram, Anakapalli Municipality, Anjayya Colony, Visakhapatnam
Size:111.11 Sq. Yds
Auction Description
Indian Overseas Bank is conducting a SARFAESI auction for a residential plot in Anakapalle, Visakhapatnam, Andhra Pradesh. The auction will take place on December 3, 2025, starting at 10:30 AM and concluding at 12:30 PM. The reserve price for this auction is INR 30,06,000, with an Earnest Money Deposit (EMD) of INR 3,00,600 required to participate. This is a prime opportunity to acquire land in a growing region.
Borrower Name:Sri Bathina Chandra Sekhar
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The property is a residential plot in Anakapalle, a developing area of Visakhapatnam. The reserve price is moderate, making it a calculated opportunity for potential homeowners or investors. The auction terms are standard, and the lack of known encumbrances adds to its appeal.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
The Branch Manager
Contact no:8925950393
