The Visakhapatnam Metropolitan Region Development Authority (VMRDA) has announced an e-auction for a massive vacant land parcel of 87.80 acres located in Madhurawada village, Visakhapatnam Rural Mandal. The auction will be conducted through the GoAP e-auction portal (https://konugolu.ap.gov.in) on an “as is where is” basis.
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Public Notification No.: Rc.No.13/2023/BL-8/F1, Dt. 03-08-2025
Auction Date: 18-08-2022, from 10:00 AM to 12:00 Noon (with possible extension)
Location: Madhurawada (V), Visakhapatnam District
Land Usage (Master Plan): Mixed Use Zone-II
Extent: 87.80 Acres / 4,24,952 Sq. Yards
Upset Price: ₹30,000 per Sq. Yard
EMD: ₹25,49,71,200/-
Minimum Bid Increment: ₹100 per Sq. Yard
Offer Document Availability: 03-08-2025 (10:00 AM) to 16-08-2025 (5:00 PM)
Last Date for Bid Submission & EMD Payment: 16-08-2025 (5:00 PM)
Registration Fee: ₹1,180 (including GST) via APTS payment gateway
Processing Fee: ₹5,000 (non-refundable) per application
Auction Charges (Winner): 0.5% of H1 bid amount (max ₹1 lakh + GST)
Within 72 Hours of Sale Intimation: 10% of bid amount (less EMD)
Within 30 Days of Auction Closing: 30% of bid amount
Within 60 Days of Auction Closing: 30% of bid amount
Within 90 Days of Auction Closing: Remaining 30%
All statutory charges such as stamp duty, registration fees, and applicable taxes will be borne by the successful bidder.
Interested bidders are encouraged to inspect the site and review all related documents before participating.
VMRDA Office: Udyog Bhavan Complex, Siripuram Jn., Visakhapatnam – 530003
Phone: 0891-2754133
Email: e.auctionvmrda@gmail.com
Technical Help Desk (Konugolu Portal): 08645-246370/71/72/73/74