Shop for auction Vattikuti Commercial Complex, Visakhapatnam, Visakhapatnam by Debts Re...

Property for Auction in Visakhapatnam, Visakhapatnam, Andhra Pradesh

Property Type IconProperty Type:
Commercial Property
Location IconLocation:
Visakhapatnam, Visakhapatnam
Auction Date IconAuction Date:
20-03-2025 11:00 AM

Auction Details

Auction ID:447204

Bank Name:Debts Recovery Tribunal

Branch Name:Visakhapatnam

Reserve Price:3,40,00,000

EMD:34,00,000

Service Provider:bankeauctions.com / C1 India

Important Dates

Submission Date:18-03-2025 05:00 PM

Bid Start Date:20-03-2025 11:00 AM

Property Description

The property is a commercial building comprising stilt, ground, and 3 upper floors. It is located at Vattikuti Commercial Complex, bearing D.No. 29-2-16/1, T.S.No 1147 and 1148, in Prakasaraopeta, Waltair ward, within the Greater Visakhapatnam Municipal Corporation, Visakhapatnam. The total plinth area is 4700 Sft, with the stilt floor measuring 1094 Sft and the ground floor measuring 1256 Sft. The property is situated on a piece of land measuring 400 Sq yrds (actual site 288.12 sq.yds after deductions). The property boundaries are: East: Common passage, South: Municipal Lane, West: 60 feet Prakasa Rao Main Road, North: Remaining Partition of land lord V. Pardhasaradhi and V.Atchanna. The location coordinates are 17.713806, 83.303667.

State:Andhra Pradesh

City:Visakhapatnam

Area:Visakhapatnam

Asset Category:Commercial

Auction Description

This is a SARFAESI Auction for a Commercial Property located in Visakhapatnam, Andhra Pradesh, belonging to M/s ARAR Steels. The property is a commercial building with stilt, ground, and 3 upper floors, situated at Vattikuti Commercial Complex, Prakasaraopeta. The total plinth area is 4700 Sft, built on a site of approximately 288.12 sq.yds. The property is associated with Debts Recovery Tribunal and has a reserve price of 34,000,000.00 and an EMD of 3,400,000.00. The auction is scheduled for March 20, 2025, from 11:00 AM to 12:00 PM. For further details, contact Mr. Dharani Krishna at 9948182222.

Borrower Name:M/s ARAR Steels

Auction Type:SARFAESI Auction

Contact Details

Contact No : Mr. Dharani Krishna 9948182222

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