Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612591
Bank Name:Axis Bank
Branch Name:STRUCTURED ASSETS GROUP
Reserve Price:₹3,60,00,000
EMD:₹36,00,000
Bid Increment:₹1,00,000
Auction Time:12:00 Noon and 3.00 p.m.
Service Provider:drt.auctiontiger.net
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
This is a residential plot located in the prime area of Bheemunipatnam, Visakhapatnam, Andhra Pradesh. The plot is offered by Axis Bank through a SARFAESI auction. It presents a fantastic opportunity for real estate investment or development in a growing region. The property is situated in a well-connected locality with access to essential amenities.
State:Andhra Pradesh
City:Visakhapatnam
Area:Bheemunipatnam
Asset Category:Residential
Full Address:Kapuluppada, Bheemunipatnam Mandal, Bheemunipatnam, Visakhapatnam
Size:7260 sq Yds
Auction Description
Axis Bank is conducting a SARFAESI auction for a residential plot in Bheemunipatnam, Visakhapatnam. The auction will take place on December 10, 2025, from 12:00 PM to 03:00 PM. The reserve price for this plot is ₹3,60,00,000, with an Earnest Money Deposit (EMD) of ₹36,00,000 required to participate. This auction is a direct opportunity to acquire valuable real estate.
Borrower Name:M/s Haigreeva Projects
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Chilukuri Jagadeeswarudu, M/s. Haigreeva Farms & Developers, M/s.Haigreeva Infratech Projects Limited, Mr.Godavarthi Venkata Rama Rao, Mrs.Ch.Radha Rani, Mr.M.Venkateswara Rao
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The property is a large residential plot in a developing area of Visakhapatnam. While the location offers potential, the price and specific auction terms require careful consideration. A calculated approach is advised, focusing on long-term growth prospects.
Contact Details
Branch:Branch Office : STRUCTURED ASSETS GROUP
Service Provider:drt.auctiontiger.net
Contact Details:
C. Suresh Pal
Contact no:+919900150394
