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Residential in Lankalapalem Village, Parawada Mandal, Sabbavaram, Visakhapatnam

Lankalapalem Village, Parawada Mandal, Sabbavaram, Visakhapatnam, Visakhapatnam

Reserve price
₹6.80 Cr
Auction date
13 Mar 2026
12:00 PM
EMD deadline
13 Mar 2026
5:00 PM
Bid increment
₹6,80,000.00

Location details

Property Address
1)All that the land admeasuring Ac.0.21 cents in Survey No.185/1, situated at Lankalapalem Village, Sabbavaram, Visakhapatnam 2) All that the land admeasuring Ac.0.17 cents in Survey No.185/1, situated at Lankalapalem Village, Sabbavaram, Visakhapatnam 3) All that the land admeasuring Ac 0.71 cents or 0.287 hectors covered by Sy No.185/1, situated at Lankalapalem Village, Parawada Mandal, Visakhapatnam and All that land admeasuring Ac 0.28 cents or 0.112 hectors covered by Sy No.185/1 situated at Lankalapalem Village, Parawada Mandal, Sabbavaram, Visakhapatnam belonging to M/s.KRC Cements Pvt Ltd
Locality: Lankalapalem Village, Parawada Mandal, Sabbavaram, Visakhapatnam
City: Visakhapatnam
District: Visakhapatnam
State: Andhra Pradesh
Pin Code: 530001
Country: India

Auction timeline

Auction starts
13 Mar 2026 at 12:00 PM
Auction ends
13 Mar 2026 at 5:00 PM
EMD submission deadline
13 Mar 2026 at 5:00 PM

EMD must be submitted before this time to be eligible to bid.

Property overview

Type
Residential
Sub Type
Plot
Possession Status
Physical
Type of Action
Under SARFAESI
Asset Type
Immovable
Ownership Type
Freehold
Title Deed Type
Registered Sale Deed
Property Price
₹6.80 Cr
Property Identifiers
Bank Property ID
UBINHYDARB2666A

Property Images

Price history

3 previous auctions
₹5.7Cr29 Oct₹4.7Cr₹6.8CrNow 18.3% up
₹4,65,66,000.00
28 Feb 2025
Residential
Union Bank of India logoUnion Bank of IndiaPossession: Physical
₹5,17,40,100.00
24 Dec 2024
Residential
Union Bank of India logoUnion Bank of IndiaPossession: Physical
₹5,74,89,000.00
29 Oct 2024
Residential
Union Bank of India logoUnion Bank of IndiaPossession: Physical

Borrower & Loan details

Borrower Name
M BY S MEHER KIRAN ENTERPRISES LTD
Registered Address of Borrower
"H.No.8-2-893/82/2777, Plot No.277, MLA and MP Colony, Jubilee Hills, Hyderabad – 500 033"
Owner
M/s KRC Cements Pvt. Ltd
Ownership of Property
Guarantor Cum Mortgagor
NPA Amount
₹82.96 Cr
NPA Date
02 Apr 2011
Ownership Type
Freehold
Title Deed
Registered Sale Deed
Asset Type
Immovable
Customer ID
200702666
Borrower CIF
200702666
Demand Notice
Notice Date
30 Sept 2025
Notice Amount
₹81.50 Cr
Possession Dates
Physical
02 Feb 2026

Additional details

Description
Property No.1: (Sale deed No.2785/2004) All that the land admeasuring Ac.0.21 cents in Survey No.185/1, situated at Lankalapalem Village, Sabbavaram, Visakhapatnam belonging to M/s.KRC Cements Pvt Ltd, bounded as follows: East: Land of HimaBindhu Cements Pvt Ltd West: Land of Bommareddy Sudhakar Reddy North: Land of Sy No.174 South: GeddaPoramboku Property No.2: (Sale deed No.2786/2004) All that the land admeasuring Ac.0.17 cents in Survey No.185/1, situated at Lankalapalem Village, Sabbavaram, Visakhapatnam belonging to M/s.KRC Cements Pvt Ltd,bounded as follows: Boundaries: East: GeddaPoramboku& Sy No.174 land West: Vendee land acquired from Simhagiri Steels North: Sy No.174 land South: Land of HimaBindhu Cements and B Sajjana Rao land,GeddaPoramboku Property No.3: (Sale deed No.2947/2005) 1. All that the land admeasuring Ac 0.71 cents or 0.287 hectors covered by Sy No.185/1, situated at Lankalapalem Village, Parawada Mandal, Visakhapatnam belonging to M/s.KRC Cements Pvt Ltd, bounded as follows: Boundaries: East: Item II South: Remaining land of Vendors and GeddaPoramboke West: Property of M/s.Simhagiri Steels (P) Ltd North: Land of T.R.Vasanthi and M/s. Simhagiri Steels (P) Ltd 2. All that land admeasuring Ac 0.28 cents or 0.112 hectors covered by Sy No.185/1 situated at Lankalapalem Village, Parawada Mandal, Sabbavaram, Visakhapatnam belonging to M/s.KRC Cements Pvt Ltd, bounded as follows: Boundaries: East: Land of Bandla Sajjan Rao South: Gedda West: Item I North: Property of T.R.Vasanthi and M/s. Simhagiri Steels (P) Ltd

EMD Schedule

EMD Start
11 Feb 2026
1:17 PM
EMD Deadline
13 Mar 2026
5:00 PM
Payment Deadline
13 Mar 2026

Officer Details

Authorized Officer
CRV KRISHNAS KISHORE
Authorised Officer - Scale - IV - CM

Auction Rules

Type of Action
Under SARFAESI
Bid Increment
₹6,80,000.00
Extension Increment
₹6,80,000.00
Auto Extension
Enabled
Extension Trigger
Last 10 minutes
Extension Duration
10 minutes
First Bid Acceptance
Yes

Ownership & Legal

Ownership Type
Freehold
Title Deed Type
Registered Sale Deed
Asset Type
Immovable
Property ID
UBINHYDARB2666A
Union Bank of India logo
Union Bank of India
Verified seller
Branch: ARB HYDERABAD-556009
IFSC: UBIN

Bank contact

+91 99999 99999
Branch Address
Union Bank of India, Asset Recovery Branch #249/3RT, 1st Floor, Main road, S.R. Nagar, Hyderabad, Telangana-500038
Branch IFSC
UBIN0556009
Department
ARB HYDERABAD-556009