900 sq ft Flat for Auction in Visakhapatnam – KVB

Property Details

Property type

Flat (Residential)

Possession

Not specified

Area

900 sq ft

Reserve price / sq ft

₹3,778

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Pincode

100006

Address

Residential entire first floor flat measuring built up area of 900 Sft with an extent of 58.5 Sq. Yds being undivided and unspecified share out of the total extent of 117 Sq. yds or 97.827 Sq. mts situated at D.No.12-80/9, S.No.265/4, B.C.Colony, Plot No.H, Pendurthi, Greater Visakhapatnam Municipal Corporation, Visakhapatnam with Asst. no.100006-86674 standing in the name of Smt. Kanchi Madhavi w/o Kanchi Venukumar acquired through Registered Sale deed no.5117/2018 dt.19.11.2018 and secured to our Bank vide MOD No.5649/2018 dt. 19.12.2018 and Bounded by: North: Apartment of Sai Madhuri Constructions, East: 20 Feet wide road, Wes: Land of F, G Marked area, South: Land of I marked area.Within the above boundaries entire first floor flat with common rights over Septic Tank, Staircase, Borewell with motor, rights over open terrace etc. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Karur Vysya Bank

Branch

Pendurthi Branch

Auction type

SARFAESI Auction

Borrower

Smt. K***** M*****

Auction start

07 Oct 2026, 11:00 AM

Auction end

07 Oct 2026, 12:00 PM

EMD submission deadline

06 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2377872

Price Check

This listing's reserve price works out to ₹3,778 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹5,100 per sq ft, so this one is 26% 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 2377872), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,40,000 before 06 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 7 Oct 2026 starting above the reserve price, in multiples of ₹25,000.
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.