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
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
₹4,65,66,000.00
28 Feb 2025
Residential
Union Bank of IndiaPossession: Physical
₹5,17,40,100.00
24 Dec 2024
Residential
Union Bank of IndiaPossession: Physical
₹5,74,89,000.00
29 Oct 2024
Residential
Union 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