1,548.8 sq yd Residential Plot for Auction in Bhimavaram – KVB

Property Details

Property type

Residential Plot (Residential)

Possession

Not specified

Area

1,548.8 sq yd (≈ 13,939 sq ft)

Reserve price / sq ft

₹1,234

Locality

—

City

Bhimavaram

State

Andhra Pradesh

Address

SCHEDULE-K Residential Vacant site situated at R S No:645/1D, Bridgepet, Taderu Road, Gunupudi, Bhimavaram Town and Municipality, Bhimavaram West Godavari District with an extent of 1548.80 Sq.yds as per sale deed and net extent: 1162 Sq yds belongs to Mr. Devi Naresh, and is bounded by: North: land of Nallam Savitri, South: Land of Mentey Sankara Rao, East: Cart Way, West: Land of Mentey Sankara Rao. 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 2439614

Price Check

This listing's reserve price works out to ₹1,234 per sq ft. The average across residential bank auctions in Bhimavaram on our site is ₹2,670 per sq ft, so this one is 54% below 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 2439614), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹17,20,000 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.