Auction

Immovable/Flat/Visakhapatnam

Posted: November 9, 2025 Category: Auctions Insights: Your Guide to Bidding and Beyond
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Auction notice annexure 1 (1) (2)

🏦 Event Details

Event Type: SARFAESI
Event No.: 207224
NIT Reference No.: LIC Housing Finance Limited Vs Mrs. MEGHAMALA ORUGANTI
Tender / Event Title: LIC Housing Finance Limited Vs Mrs. MEGHAMALA ORUGANTI
Organising Bank / Institution: LIC Housing Finance Limited
Event Branch: LIC Housing Finance Limited, Thikkanna Road, Visakhapatnam – BO

🏠 Property Details

Property Category: Immovable
Property Sub-Category: Flat

Property Description:
Undivided and unspecified land measuring 42.6 sq. yds (35.62 sq. mts) out of total 1129.04 sq. yds (943.877 sq. mts) vacant site with Block-5, Flat No.305 (Second Floor) in “Bobbili Towers”, having a flat area of 1165 sq. ft. (including common areas) and 100 sq. ft. car parking in stilt floor, bearing Door No. 3-34/65/15, Old Assessment No. 100009/11729, New Assessment No. 1086028494, covered by Survey Nos. 56/4B, 56/16B, 56/16C, 56/17B of Bakkannapalem Village, within Greater Visakhapatnam Municipal Corporation limits, Sub-District of Madhurawada, District of Visakhapatnam.

Boundaries:

  • East: House of Pothina Yellam Naidu / Pothina Rambabu land
  • West: Constructed by Vamsi Apartments
  • North: Land belonging to Bypalli Venkayyamma
  • South: Proposed 100 ft. wide road

Flat (Block-5, Flat No.305, Second Floor) Boundaries:

  • East: Flat No.301, common corridor & open space
  • West: Open to sky
  • North: Flat No.304
  • South: Open to sky

Borrower’s Name: Mrs. MEGHAMALA ORUGANTI

💰 Auction Details

Reserve Price: ₹32,00,000.00
Tender Fee: ₹0.00
Price Bid: Applicable
Bid Increment Value: ₹10,000.00
Auto Extension Time: 5 minutes
No. of Auto Extensions: Unlimited
Digital Signature (DSC) Required: No

🏦 EMD (Earnest Money Deposit) Details

EMD Amount: ₹3,20,000.00
Deposit Bank Name: HDFC Bank
Deposit Bank Account No.: LHFLVK711500009236
IFSC Code: HDFC0004011

📅 Important Dates

Press Release Date: 07 October 2025

Date of Property Inspection:

  • From: 01 November 2025 – 11:00 hrs
  • To: 01 November 2025 – 13:00 hrs

Offer (First Round Quote) Submission Last Date: 10 November 2025 – 16:00 hrs
Offer (First Round Quote) Opening Date: 10 November 2025 – 16:05 hrs

Auction Start Date & Time: 11 November 2025 – 11:00 hrs
Auction End Date & Time: 11 November 2025 – 13:00 hrs

Documents to be Submitted: Pan Card, Annexure 3/Declaration Form, Annexure 2/Details of Bidder, Proof Of Address

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