120.3 sq yd Land for Auction in Visakhapatnam – Encore ARC

Property Details

Property type

Land (Land & Agricultural)

Possession

Not specified

Area

120.3 sq yd (≈ 1,082 sq ft)

Reserve price / sq ft

₹10,391

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Address

All the piece and parcel of the site measuring an extent of 120.3 sq. yards or 100.586 sq. meters with compound wall with 152 sft along with building situated at southern side of National Highway, Reddy Kancharapalem, covered by survey no. 28/4C part of Kancharapalem Ward, within the limits of greater Vishakhapatnam municipal corporation area and sub registrar office, Vishakhapatnam and total property bounded by: (near door no.36-53-4) East. Building bearing door no.36-53-4 belongs to V. Venkata Rao South. Building belongs to Suryanarayana West. Building bearing door, no .36-53-5/5 belongs to Makka Aadhilakshmi, North. Municipal road Measurements. East. 58.00 feet or 17.67 meters. South. 20.00 feet or 6.09 meters West. 56.00 feet or 17.06 meters North. 18.00 feet or 5.48 meters View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Encore Asset Reconstruction Company

Branch

EARC-Bank-032-Trust

Auction type

SARFAESI Auction

Borrower

M/s. A** L***** T*****

Auction start

15 Oct 2026, 11:00 AM

Auction end

15 Oct 2026, 01:00 PM

EMD submission deadline

14 Oct 2026, 03:00 PM

Inspection

01 Oct 2026, 10:00 AM – 01 Oct 2026, 03:00 PM

Authorised officer

—

Officer contact

—

E-auction portal

C1 India (bankeauctions.com)

Price Check

This listing's reserve price works out to ₹10,391 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 42% 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 1 Oct 2026 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 ₹11,25,000 before 14 Oct 2026, 03:00 PM. It is refunded if you don't win.
5. Bid online on 15 Oct 2026 starting above the reserve price, in multiples of ₹50,000.
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.