210 sq yd Land & Building for Auction in Visakhapatnam – Chola

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

210 sq yd (≈ 1,890 sq ft)

Reserve price / sq ft

₹3,810

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Address

Descriptions of the property: Property belongs to 1. MD GOUSIA BEGUM (Applicant), 2. FATHIMA BIBI (Co-Applicant), 3. KATHUN MAHAMMED (Co-Applicant): All that piece and par-cel of land and building is located at Visakhapatnam District, Gajuwaka Sub-District, Greater Visakhapatnam Municipal Corporation Area, Gullalapalem Village accounts S.No.38 an Extent of 210 Sq. yards or 175.5 Sq.mtrs of site together with RCC Building plinth area of 1890 Sft bearing D.No.65-3-710/3, D.No.65-3-710/3A and D.No.65-3-710/A is measured and total property bounded by:- East: House of Sannibabu 45 Feet or 13.71 meters, South: House of K. Manga 42 Feet or 12.80 meters, West: House of Varalakshmi 45 Feet or 13.71 meters, North: Road 42 Feet or 12.80 meters. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Cholamandalam Investment and Finance Company

Branch

NTR Dist

Auction type

SARFAESI Auction

Borrower

Md. G***** B****

Auction start

09 Oct 2026, 11:00 AM

Auction end

09 Oct 2026, 01:00 PM

EMD submission deadline

08 Oct 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2378329

Price Check

This listing's reserve price works out to ₹3,810 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹5,100 per sq ft, so this one is 25% 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 (bankauctions.in (4Closure) · Listing 2378329), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹7,20,000 before 08 Oct 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 9 Oct 2026 starting above the reserve price, in multiples of ₹1,00,000.
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.