Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612226
Bank Name:Union Bank of India
Branch Name:ASSET RECOVERY BRANCH, VISAKHAPATNAM
Reserve Price:₹6,95,00,000
EMD:₹69,50,000
Bid Increment:₹6,95,000
Auction Time:12:00 Noon to 5.00 p.m
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
Prime land parcel located in the well-developed area of Bheemunipatnam, Visakhapatnam, Andhra Pradesh. This valuable asset, categorized as residential, offers significant development potential. Situated in a sought-after location, it presents an excellent opportunity for investors and developers looking to acquire land in a growing region.
State:Andhra Pradesh
City:Visakhapatnam
Area:Bheemunipatnam
Asset Category:Residential
Full Address:Sy No.40/12, Kapuluppada village and Panchayat, Bheemunipatnam SRO and Mandal, Kapuluppada, Visakhapatnam
Size:1452.00 Sq. Yds
Auction Description
Union Bank of India presents a SARFAESI auction for a valuable land property in Bheemunipatnam, Visakhapatnam. The auction has a reserve price of ₹6,95,00,000 and requires an EMD of ₹69,50,000. The auction will be conducted online on 28th November 2025, commencing at 12:00 PM and concluding at 05:00 PM. This is a unique chance to acquire a significant land asset directly from the bank.
Borrower Name:M/s Infinite Shipping & Engineering Pvt. Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Narava Apparao, Mr. Narava Rajasekhar, Mrs. Narava Anuradha, Mr. P R J Srinivasa Raju, Mrs. P P Hema Sridevi, Mrs. Chitturi Janaki Ram, Mrs. Narava Sudha Rani, Mr. D Venkata Rama Raju, Mrs. D Lakshmi Devi, Mr. Pericharla Harinadha Raju, Mrs. Pericharla Venkata Subba Lakshmi
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a vacant land in a developing locality, offering potential for future appreciation. While the reserve price is significant, the location and size present a calculated investment opportunity. Due diligence is recommended to assess local market conditions and potential returns.
Contact Details
Branch:Branch Office : ASSET RECOVERY BRANCH, VISAKHAPATNAM
Service Provider:BAANKNET
Contact Details:
Contact no: —
