54.83 sq yd Flat for Auction in Visakhapatnam – DCB

Property Details

Property type

Flat (Residential)

Possession

Symbolic Possession

Area

54.83 sq yd (≈ 493 sq ft)

Reserve price / sq ft

₹3,883

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Address

All That Site Measuring An Extent Of 54.83 Sq Yds Or 45.83 Sq Mts Togeather With Ground Floor & First Floor Constructed RCC & Second Floor ACC Roofed House Bearing Door No 20-9-13 Situated At Pain Dora Pet, Chengalarao Pet, Within The Limits Of Greater Visakhapatnam Municipal Corporation And Visakhapatnam Joint Sub Registration Office. East: House Of Sarika Guruvulu And Orthers; South: Sri Rama Mandiram Site In S.No 1021; West: Site In S.No 1020; North: Site In S.No 1023. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

DCB Bank

Branch

Vijayawada Branch

Auction type

SARFAESI Auction

Borrower

MR K***** L*****

Auction start

06 Oct 2026, 11:30 AM

Auction end

06 Oct 2026, 01:00 PM

EMD submission deadline

05 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2386967

Price Check

This listing's reserve price works out to ₹3,883 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹5,100 per sq ft, so this one is 24% 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 2386967), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹1,92,000 before 05 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 6 Oct 2026 starting above the reserve price, in multiples of ₹10,000.
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.