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Residential Plot SARFAESI Auction Symbolic Possession

447 sq yard Residential Plot for Auction in Kakinada – Indian Bank

Kakinada, Andhra Pradesh · Auction ID #106949

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Residential Plot for auction in Kakinada – Indian Bank – photo 1
Residential Plot for auction in Kakinada – Indian Bank – photo 2
Residential Plot for auction in Kakinada – Indian Bank – photo 3
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Reserve Price ₹2,63,00,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 20 Nov 2026, 10:00 AM In 8 days
EMD Last Date 19 Nov 2026, 04:00 PM In 7 days
Area447 sq yard
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Property Details

Property type
Residential Plot (Residential)
Possession
Symbolic Possession
Area
447 sq yard (≈ 4,023 sq ft)
Reserve price / sq ft
₹6,537
Locality
—
Pincode
533001
Address
Kakinada, Andhra Pradesh, 533001 View on map

Description (as per sale notice)

All that piece and parcel of land to an extent of 447 sq yards out of 1200 Sq. yrds at middle part , bearing door no 13-2-40/2, in patta no.11/2514, T.S. No 1457, 1458 situated at ward no 14, Block no 13, assessment no: 1060004270, Near Raghavendra Swamy Temple, Beside Pallam Raju House, Latchiraju Vari Street, Kakinada , Kakinada Municipal Corporation area, Kakinada District bounded and Measurements as follows East 41’6’’ : Public Street (Latchirajuvari Street) West 24 ‘6” : Property Belongs to Ainala Ranga Brahmananda Rao Naidu North 120’0” : Property belongs to Mulukutla Ganesh Sankar RaoiLate) South 120’0” : Property belongs to Munukutla Iswara Suryanarayana (Late) with common ways and all easement rights etc.

BAANKNET Property ID: IDIB006507594018
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Bank & Auction Details

Bank / Lender
Indian Bank
Branch
KAKINADA - 28
Auction type
SARFAESI Auction
Borrower
M/S P**** P***** P*****
Auction start
20 Nov 2026, 10:00 AM
Auction end
20 Nov 2026, 04:00 PM
EMD submission deadline
19 Nov 2026, 04:00 PM
Inspection
01 Nov 2026, 01:10 AM – 18 Nov 2026, 04:00 PM
Authorised officer
LANKA SIVA SAI BHARATH
Officer contact
9908124506
E-auction portal
BAANKNET (Property ID IDIB006507594018)
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Price Check

This listing's reserve price works out to ₹6,537 per sq ft. The average across residential bank auctions in Kakinada on our site is ₹1,992 per sq ft, so this one is 228% 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 1 Nov 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID IDIB006507594018)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 19 Nov 2026, 04:00 PM. It is refunded if you don't win.
  5. Bid online on 20 Nov 2026 starting above the reserve price.
  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.

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Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Indian Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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