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Flat SARFAESI Auction Symbolic Possession

1,100 sq feet Flat for Auction in Kakinada – Indian Bank

Kakinada, Andhra Pradesh · Auction ID #109560

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Flat for auction in Kakinada – Indian Bank – photo 1
Flat for auction in Kakinada – Indian Bank – photo 2
Flat for auction in Kakinada – Indian Bank – photo 3
Flat for auction in Kakinada – Indian Bank – photo 4
Flat for auction in Kakinada – Indian Bank – photo 5
Flat for auction in Kakinada – Indian Bank – photo 6
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Reserve Price ₹17,22,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 20 Nov 2026, 10:00 AM In 7 days
EMD Last Date 19 Nov 2026, 02:00 PM In 6 days
Area1,100 sq feet
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Property Details

Property type
Flat (Residential)
Possession
Symbolic Possession
Area
1,100 sq feet (≈ 1,100 sq ft)
Reserve price / sq ft
₹1,565
Locality
—
Pincode
533001
Address
Kakinada, Andhra Pradesh, 533001 View on map

Description (as per sale notice)

A Residential group house building named “S V NIVAS, situated in an extent of 60SYDS UDS out of 888syds in Sy. No:91/1, Ganganapalli Village and Grama Panchayati, Kakinada Rural Mandal, Kakinada Registrar, Kakinada District, Old East Godavari District, Andhra Pradesh. East: Road; West: Land belongs to Mummidi Rambabu North: Puntha; South: Land belongs to venkanna Undivided and unspecified share of 60syds or 50.16smts of land out of total extent of 888syds along with all easementary rights B Schedule: Flat No: S-1, in an extent of 1100sft, second floor, “S V Nivas”, Ganganapalli village and grama panchayathi,Kakinada district ,situated in A-shedule mentioned above and being bounded by: East : Common Corridor West : Flat No:a-S-2; North : Common Corridor South : Open to Sky

BAANKNET Property ID: IDIB006825733551
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Bank & Auction Details

Bank / Lender
Indian Bank
Branch
SARPAVARAM ROAD - 2790
Auction type
SARFAESI Auction
Borrower
ANNABATHULA V**** K***** D****
Auction start
20 Nov 2026, 10:00 AM
Auction end
20 Nov 2026, 04:00 PM
EMD submission deadline
19 Nov 2026, 02:00 PM
Inspection
03 Nov 2026, 10:00 AM – 18 Nov 2026, 04:00 PM
Authorised officer
SATISH
Officer contact
8919334474
E-auction portal
BAANKNET (Property ID IDIB006825733551)
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Price Check

This listing's reserve price works out to ₹1,565 per sq ft. The average across residential bank auctions in Kakinada on our site is ₹1,992 per sq ft, so this one is 21% 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 3 Nov 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID IDIB006825733551)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 19 Nov 2026, 02:00 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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