533.33 sq yard House for Auction in Visakhapatnam – Union Bank

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

533.33 sq yard (≈ 4,799 sq ft)

Reserve price / sq ft

₹4,615

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Pincode

530012

Address

Visakhapatnam, Andhra Pradesh, 530012 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Union Bank of India

Branch

VISAKHAPATNAM-S.DHARA-805408

Auction type

SARFAESI Auction

Borrower

M/s H***** M**** I***** , p*** : A***** K**** P***

Auction start

26 Nov 2026, 12:00 PM

Auction end

26 Nov 2026, 05:00 PM

EMD submission deadline

26 Nov 2026, 04:59 PM

Inspection

—

Authorised officer

SANTOSH KUMAR

Officer contact

8919518082

E-auction portal

BAANKNET (Property ID UBINVSKVSK0476)

Price Check

This listing's reserve price works out to ₹4,615 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹4,880 per sq ft, so this one is 5% 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 (BAANKNET (Property ID UBINVSKVSK0476)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 26 Nov 2026, 04:59 PM. It is refunded if you don't win.
5. Bid online on 26 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.