490 sq yd Land & Building for Auction in Bhimavaram – Chola

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

490 sq yd (≈ 4,410 sq ft)

Reserve price / sq ft

₹3,265

Locality

—

City

Bhimavaram

State

Andhra Pradesh

Pincode

534001

Address

Descriptions of the property: Property belongs to Smt. Sri Lakshmi Mangam (Applicant) & Mr.Rambabu Mangam (Co-Applicant): All that piece and parcel of land and building in an Extent of 490 Sq.yds (409-703Sq.mts) of site on northern side of 5605 Sq.yds of sit along with Tiled House therein bearing D NO.28-4-88, 7TH ROAD, Cheruvl Oxford School, Santhi Nagar, Eluru, West Godavari, Andhra Pradesh 534001 and Asst No. 1075019725 and R.S.No.80/2 equivalent to T.S.No.80/12 along with all easement rights therein situated at Eluru, West Godavari District, Eluru Sub-Registry, West Godavari District, being bounded by: East: Property of Datia Satyavathamma, South: Property of Mangam Raja Rao, West: Road, North: Properly Sold by Patchipala Satyavathi to Others. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Cholamandalam Investment and Finance Company

Branch

NTR Dist

Auction type

SARFAESI Auction

Borrower

Sri L***** M*****

Auction start

24 Nov 2026, 11:00 AM

Auction end

24 Nov 2026, 01:00 PM

EMD submission deadline

23 Nov 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2457603

Price Check

This listing's reserve price works out to ₹3,265 per sq ft. The average across residential bank auctions in Bhimavaram on our site is ₹2,670 per sq ft, so this one is 22% 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 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 2457603), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹14,40,000 before 23 Nov 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 24 Nov 2026 starting above the reserve price, in multiples of ₹1,00,000.
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.