Plot for Auction Sabbavaram Visakhapatnam 58 Lakh by State Bank of India 09 Jul 2026
Sabbavaram, Visakhapatnam
Area: 726.0 Sq. Yds
Survey Number 156/25 A, B & C, Iruvada Village, Sabbavaram Mandal, Anakapalli District, Andhra Pradesh
State Bank of India · Stressed Assets Recovery Branch
Reserve price
₹58,00,000
EMD ₹5,80,000
Auction date
09 Jul 2026, 11:00 AM
Auction notice
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Quick read
- ▸Possession: Symbolic
- ▸Area: 726.0 Sq. Yds
- ▸Locality: Sabbavaram
- ▸Reserve: ₹58,00,000
- ▸EMD: ₹5,80,000
Auction snapshot
| Possession | Symbolic |
| Property type | Plot · Residential |
| Locality | Sabbavaram |
| Built-up / plot area | 726.0 Sq. Yds |
| Lender | State Bank of India |
| Branch | Stressed Assets Recovery Branch |
| Auction type | SARFAESI Auction |
| Bid increment | ₹25,000 |
| Service provider | BAANKNET |
About this property
Plot bank auction in Sabbavaram, Visakhapatnam by State Bank of India — reserve price ₹58,00,000, 726.0 Sq. Yds, Symbolic possession.
Discover a prime bank auction opportunity with State Bank of India. A valuable residential plot spanning 726 Sq. Yds is available for sale in Iruvada Village, Sabbavaram Mandal, Anakapalli District, Andhra Pradesh, near Visakhapatnam. This property, belonging to Sri Goruputi Demudu and mortgaged for M/s. Vishalakshi Enterprises, is being auctioned by SBI's Stressed Assets Recovery Branch. With a competitive reserve price of ₹58,00,000 and an EMD of ₹5,80,000, this plot offers significant investment potential. Bidding starts with an increment of ₹25,000. The e-auction is scheduled for July 09, 2026, from 11:00 AM to 04:00 PM. Interested bidders can inspect the property from June 08, 2026, to July 08, 2026. The bank holds symbolic possession, and there are no known encumbrances. Don't miss this chance to acquire a bank auction property in a developing region of Andhra Pradesh.
GeoSquare note: This 726 Sq. Yds plot in Sabbavaram offers a fair investment opportunity at a reserve price of ₹58,00,000. Located in Iruvada Village, Anakapalli District, near Visakhapatnam, it has potential for residential development. While the bank holds symbolic possession, the lack of known encumbrances and a clear auction process make it a viable option for buyers looking for land in developing areas.
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