54.65 sq yd Flat for Auction in Visakhapatnam – GIC HFL

Property Details

Property type

Flat (Residential)

Possession

Physical Possession

Area

54.65 sq yd (≈ 491 sq ft)

Reserve price / sq ft

₹8,132

Locality

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City

Visakhapatnam

State

Andhra Pradesh

Pincode

530045

Address

S.no 51, Simhagin Enclave, Flat No: 403, Third Floor, Plot No. 13. Sirigudi Nagar Layout, Yendada, Land Mark Nr.petrol Bunk, Yendada, Visakhapatnam-530045. (Built Up Area-1370 Sft & Car Parking 100 Sft). (UDS-54.65 Sq. Yards out of 812 Sq. Yards of total extent.) 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.Murali K***** K*****

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 2443239

Price Check

This listing's reserve price works out to ₹8,132 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹4,880 per sq ft, so this one is 67% above 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 2443239), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,99,951 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.