Other Asset for Auction in Madhurawada, Visakhapatnam – Indian Bank

Property Details

Property type

Other Asset (Others)

Possession

Physical Possession

Locality

Madhurawada

City

Visakhapatnam

State

Andhra Pradesh

Pincode

530048

Address

Madhurawada, Andhra Pradesh, 530048 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

PENDURTHI - 2065

Auction type

Auction

Borrower

BANDARU V***** L*****

Auction start

20 Nov 2026, 10:00 AM

Auction end

20 Nov 2026, 04:00 PM

EMD submission deadline

19 Nov 2026, 04:00 PM

Inspection

—

Authorised officer

CHANDAN KUMAR JENA

Officer contact

8019496888

E-auction portal

BAANKNET (Property ID IDIB3294290702)

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IDIB3294290702)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 19 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 20 Nov 2026 starting above the reserve price.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.