Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:612590
Bank Name:Axis Bank
Branch Name:STRUCTURED ASSETS GROUP
Reserve Price:₹4,25,00,000
EMD:₹42,50,000
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
Axis Bank presents a prime plot for auction in Sabbavaram, Visakhapatnam, Andhra Pradesh. This residential plot, part of a SARFAESI auction, offers a unique opportunity for investment or development in a growing area. The property is being auctioned by Axis Bank on behalf of the borrower, M/s Haigreeva Projects.
State:Andhra Pradesh
City:Visakhapatnam
Area:Sabbavaram
Asset Category:Residential
Full Address:Plot No: 162 to 168, 169 & 178, 179 to 185, 211 to 215, 220 to 226, VUDA, VUDA at S No 252/1, 252/6A, 251/5, 251/6A, 68, 6C, 251/4A, 4B, 4C, 4D, 4E, 251/6A, 6B 6C, 60, 6E, 252/11B, 110, 110, 11E, 11F, 251/5, 251/4A, 4B, 4C, 4E, 2511G, 251/1H, 252/11A to 252/11G, 252/1281, Mallunaidupalem Panchayat, Visakhapatnam
Building/Society:VUDA
Size:8162.78 Sq. yds
Auction Description
Participate in the Axis Bank SARFAESI auction for a valuable plot in Sabbavaram, Visakhapatnam. The auction starts on December 10, 2025, at 12:00 PM and concludes at 3:00 PM on the same day. The reserve price is ₹4,25,00,000, with an Earnest Money Deposit (EMD) of ₹42,50,000 required to bid. Don't miss this chance to acquire a significant asset in Andhra Pradesh.
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:Physical
Encumbrance Details:NIL
Why This Property
Located in a developing area of Visakhapatnam, these residential plots present a strong investment opportunity. The auction terms are standard, and with a well-defined location, this offers good potential for future appreciation. A 'Strong Buy' recommendation reflects the property's solid fundamentals and location benefits.
Contact Details
Branch:Branch Office : STRUCTURED ASSETS GROUP
Service Provider:drt.auctiontiger.net
Contact Details:
C. Suresh Pai
Contact no:+919900150894
