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Land SARFAESI Auction

50 sq yd Land for Auction in Visakhapatnam – Neogrowth Credit Pvt. Ltd.

Visakhapatnam, Andhra Pradesh · Auction ID #2821

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Reserve Price ₹42,00,000
EMD (Earnest Money)₹4,20,000
Bid Increment₹5,000
Auction Date 12 Oct 2026, 10:00 AM In 10 days
EMD Last Date 10 Oct 2026, 05:00 PM In 8 days
Area50 sq yd

Property Details

Property type
Land (Land & Agricultural)
Possession
Not specified
Area
50 sq yd (≈ 450 sq ft)
Reserve price / sq ft
₹9,333
Locality
—
Pincode
530048

Description (as per sale notice)

All That Piece And Parcel Of Site Measuring 50 Sq.yds Or 41.80 Sq.mts Being An Undivided And Unspecified Share Out Of 353.67 Sq.yds Or 295.71 Sq.mts In The Total Extent Of 473.67 Sq yds Or 396 Sq.mts, Along With A Flat Thereon, Bearing Flat No. F-1 With A Super Built Up Area Of 1050 Sft. (inclusive Of Common Areas, Balconies) In First Floor And Carparking Of 100 Sft. In Stilt Floor Of sri Lakshmi Madhura" Bearing Plot No. 1,2.30fLp. No. 21/2003 Approved Layout, Covered By Z Pata No.687, S.no. 326/1 Of Madhurawada Vilage, Present Within The Limits Of The Greater Visakhapatnam Municipal Corporation, In The Registration Sub District Of Madhurawada Sub Registrar's Office, Visakhapatnam District, Visakhapatnam-530048, Andhra Pradesh And Bounded As Follows:-East-road North road. West-Govt. Land, South road, Boundaries Of The Flat No. F-1 In The First Floor: East-open To Sky, North comidor & Staircase And Lit, West:-open To Sky, South:-open To Sky

Bank & Auction Details

Branch
NeoGrowth Credit Pvt. Ltd. New Delhi - BO
Auction type
SARFAESI Auction
Borrower
SREE H*** H*** F*** P*****
Auction start
12 Oct 2026, 10:00 AM
Auction end
12 Oct 2026, 12:00 PM
EMD submission deadline
10 Oct 2026, 05:00 PM
Inspection
—
Authorised officer
—
Officer contact
—
View official sale notice

Price Check

This listing's reserve price works out to ₹9,333 per sq ft. The average across land & agricultural bank auctions in Visakhapatnam on our site is ₹7,311 per sq ft, so this one is 28% 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 (open notice).
  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 (C1 India (bankeauctions.com)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of ₹4,20,000 before 10 Oct 2026, 05:00 PM. It is refunded if you don't win.
  5. Bid online on 12 Oct 2026 starting above the reserve price, in multiples of ₹5,000.
  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.

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 Neogrowth Credit Pvt. Ltd.. Always verify every detail with the official notice and the authorised officer before paying any money.

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