Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:609036
Bank Name:IKF Finance Limited
Branch Name:Head Office : Vijayawada
Reserve Price:₹1,40,00,000
EMD:₹14,00,000
Bid Increment:₹25,000
Auction Time:12:00 PM to 12:30 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-02
Bid Start Date:2025-12-03
Property Description
This is a unique opportunity to acquire a prime plot of land in the sought-after Chinna Waltair area of Visakhapatnam, Andhra Pradesh. Located in a well-established residential locality, this plot offers excellent potential for development. Its strategic location ensures good connectivity and proximity to essential amenities, making it an attractive investment for individuals or developers looking to build their dream home or a profitable venture in a thriving city. Seize this chance to own a piece of Visakhapatnam's growing landscape.
State:Andhra Pradesh
City:Visakhapatnam
Area:Chinna Waltair
Asset Category:Residential
Full Address:MIG-1 177/8, Muvvalavanipalem Layout, Plot No. MIG-1 177/8 in Muvvalavanipalem Layout, covered by Survey No. 28 of Chinawaltair Village, old Ward No. 23A, New Ward No. 8, Chinna Waltair, Visakhapatnam
Building/Society:Muvvalavanipalem Layout
Size:320 Sq. Yards
Auction Description
IKF Finance Limited presents a SARFAESI auction for a residential plot in Chinna Waltair, Visakhapatnam. This is an online auction scheduled for December 3, 2025, with bidding open from 12:00 PM to 12:30 PM. The reserve price for this valuable asset is ₹1,40,00,000, with an Earnest Money Deposit (EMD) of ₹14,00,000 required to participate. This is a direct sale by the bank, offering a transparent and efficient process for acquiring the property belonging to Mrs. Karri Venkateswari.
Borrower Name:Mrs. Karri Venkateswari
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Karri Srinivasa Rao
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is located in Chinna Waltair, Visakhapatnam, a developing area, and includes both land and a building structure. With a reserve price of ₹14000000 and physical possession available, this auction presents a promising investment opportunity.
Contact Details
Branch:Branch Office : Head Office : Vijayawada
Service Provider:Public Auction
Contact Details:
Sri. D. Srinivasa Rao
Contact no:9866509585
