262.7 sq yd Land & Building for Auction in Bhimavaram – KVB

Property Details

Property type

Land & Building (Residential)

Possession

Not specified

Area

262.7 sq yd (≈ 2,364 sq ft)

Reserve price / sq ft

₹7,317

Locality

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City

Bhimavaram

State

Andhra Pradesh

Address

SCHEDULE-J Residential Land and Building situated at Near D.No.25-9-245, R.S No.457/1, Revenue ward No 20, Ram Laxman Nagar, Bhimavaram Town & Municipality, West Godavari District with an extent of 292.91 Sq. Yds(As per Sale Ded) and net Extent is 262.7 Sq. Yds(As pr Actual) belongs to Mr. Devi Naresh, is being bounded by: North: Municipal Road, South: Site of Thadimalla Jagannadharao, East: Site of Sitakalam Kasi Annapurnamma, West: Site of Kankanala Sitaramayya. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Karur Vysya Bank

Branch

Bhimavaram Branch

Auction type

SARFAESI Auction

Borrower

M/s G***** S** F****

Auction start

27 Nov 2026, 11:00 AM

Auction end

27 Nov 2026, 12:00 PM

EMD submission deadline

26 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2439613

Price Check

This listing's reserve price works out to ₹7,317 per sq ft. The average across residential bank auctions in Bhimavaram on our site is ₹2,670 per sq ft, so this one is 174% above 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 (4Closure · Listing 2439613), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹17,30,000 before 26 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 27 Nov 2026 starting above the reserve price, in multiples of ₹2,00,000.
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.