3,032.8 sq yd Flat for Auction in Visakhapatnam – GIC HFL

Property Details

Property type

Flat (Residential)

Possession

Physical Possession

Area

3,032.8 sq yd (≈ 27,295 sq ft)

Reserve price / sq ft

₹98

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Pincode

530012

Address

S No 51/2a2, Sony Grand Block B, Flat No: Flat No 2, Second Floor, Patta No 70 & 71, Land Mark: Near Indian Bank, Mindi, Visakhapatnam-530012 (Built Up Area 1098 Sft). UDS-39 Sq. Yards out of 1213.12 Sq. Yards total extent 3032.8 Sq. Yards). View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

GIC Housing Finance

Branch

Visakhapatnam Branch

Auction type

SARFAESI Auction

Borrower

Mr.Srinivasa R** B****

Auction start

26 Nov 2026, 03:00 PM

Auction end

26 Nov 2026, 04:00 PM

EMD submission deadline

25 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2443211

Price Check

This listing's reserve price works out to ₹98 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹4,880 per sq ft, so this one is 98% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

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 (4Closure · Listing 2443211), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹2,67,750 before 25 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 26 Nov 2026 starting above the reserve price, in multiples of ₹10,000.
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.