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Flat SARFAESI Auction Symbolic Possession

47.83 sq yard Flat for Auction in Visakhapatnam, Madhurawada, Visakhapatnam – Canara

Visakhapatnam, Madhurawada, Visakhapatnam, Andhra Pradesh · Auction ID #239

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Flat photo 1
Reserve Price ₹54,00,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 08 Oct 2026, 01:00 PM In 8 days
EMD Last Date 08 Oct 2026, 01:50 PM In 8 days
Area47.83 sq yard

Property Details

Property type
Flat (Residential)
Possession
Symbolic Possession
Area
47.83 sq yard (≈ 430 sq ft)
Reserve price / sq ft
₹12,544
Locality
Visakhapatnam, Madhurawada
Pincode
530041
Address
Visakhapatnam, Madhurawada, Andhra Pradesh, 530041 View on map

Description (as per sale notice)

All that site measuring 47.83 Sq.yds or 39.99 Sq.mtrs being undivided and unspecified share out of the total an extent of 478.33 sq.yds together with the Residential Flat No.401 (East Facing) in Third Floor with a plinth area of 1400 sft (including common areas and balconies) and Car parking measuring 100 sft. in Stilt Floor of "SAI ENCLAVE" bearing House No.MIG-582 & SFS MIG-2, in the layout formed APHB, Covered by Survey No.3/2 of Pothinamallayyapalem village, with in the limits of Greater Visakhapatnam Municipal Corporation area, and Registration Sub-District of Madhurawada and in the Registration District of Visakhapatnam and Bounded & measurements followed by: Total Site Boundaries: East: 30-0"Wide Road South: House No. SFS-MIG-1 & House No. MIG-583 West: 60'-0" Wide Road North: House No. SFS-MIG-3 & House No. MIG-581 Measurements of Total Site: East Wing: 35 feet or 10.66 mts. South Wing: 123 feet or 37.49 mts West Wing: 35 feet or 10.66 mts North Wing: 123 feet or 37.49 mts. Boundaries of Flat No.401 (East Facing) in Third Floor East: Corridor, Staircase & Lift South: Open to Sky West: Open to Sky North: Open to Sky

BAANKNET Property ID: CNRB13591YARAMASA

Bank & Auction Details

Bank / Lender
Canara Bank
Branch
SPECIALIZED ARM BRANCH VISAKHAPATNAM-II
Auction type
SARFAESI Auction
Borrower
Sri Y***** R*** B***
Auction start
08 Oct 2026, 01:00 PM
Auction end
08 Oct 2026, 02:00 PM
EMD submission deadline
08 Oct 2026, 01:50 PM
Inspection
03 Oct 2026, 10:00 AM – 03 Oct 2026, 06:00 PM
Authorised officer
KOTESHWARA RAO
Officer contact
9618359294

Price Check

This listing's reserve price works out to ₹12,544 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹5,056 per sq ft, so this one is 148% 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 3 Oct 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID CNRB13591YARAMASA)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 08 Oct 2026, 01:50 PM. It is refunded if you don't win.
  5. Bid online on 8 Oct 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.

Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Canara Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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