5.63 acres Industrial Plot for Auction in Rayadurg, Anantapur – IOB

Property Details

Property type

Industrial Plot (Industrial)

Possession

Symbolic Possession

Area

5.63 acres (≈ 2,45,242 sq ft)

Reserve price / sq ft

₹46

Locality

Rayadurg

City

Anantapur

State

Andhra Pradesh

Pincode

515865

Address

Rayadurg, Andhra Pradesh, 515865 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Overseas Bank

Branch

BELLARY-1065

Auction type

SARFAESI Auction

Borrower

M/S V***** M***** C***** M/S V***** E*****

Auction start

23 Nov 2026, 10:23 AM

Auction end

23 Nov 2026, 04:00 PM

EMD submission deadline

23 Nov 2026, 04:00 PM

Inspection

05 Nov 2026, 10:00 AM – 22 Nov 2026, 04:00 PM

Authorised officer

Suhas T Lokhande

Officer contact

9113529342

E-auction portal

BAANKNET (Property ID IOBA106505)

Price Check

This listing's reserve price works out to ₹46 per sq ft. The average across industrial bank auctions in Anantapur on our site is ₹169 per sq ft, so this one is 73% 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 5 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IOBA106505)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 23 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 23 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.