1,046.5 sq yard Factory for Auction in Peddapuram, Kakinada – Indian Bank

Property Details

Property type

Factory (Industrial)

Possession

Symbolic Possession

Area

1,046.5 sq yard (≈ 9,418 sq ft)

Reserve price / sq ft

₹361

Locality

Peddapuram

City

Kakinada

State

Andhra Pradesh

Pincode

533437

Address

Peddapuram, Andhra Pradesh, 533437 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

BHASKAR NAGAR - 1757

Auction type

SARFAESI Auction

Borrower

M/S S** K***** I*****

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

03 Nov 2026, 10:00 AM – 18 Nov 2026, 04:00 PM

Authorised officer

KPS KUMAR

Officer contact

9445602161

E-auction portal

BAANKNET (Property ID IDIB006603373215)

Price Check

This listing's reserve price works out to ₹361 per sq ft. The average across industrial bank auctions in Kakinada on our site is ₹532 per sq ft, so this one is 32% 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 IDIB006603373215)), 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.