16 cent Land & Building for Auction in Bhimavaram – Chola

Property Details

Property type

Land & Building (Residential)

Possession

Not specified

Area

16 cent (≈ 6,969 sq ft)

Reserve price / sq ft

₹402

Locality

—

City

Bhimavaram

State

Andhra Pradesh

Address

Property 2: (Regd. Settlement Deed dt.21-03-2022 under Doc. No.970/2022): All that piece and parcel of land and building in an extent of Ac.0-16 Cents le. Sq.yds. 798.6 of Site and RCC building therein bearing D.No.4-81 on the northern side out of Ac.0-44 Cents in R.S.No. 152-3B as per Revenue Adangal is bounded by: East: Panchayat Road, South: Land of Lakku Pullamma, West: Land of Donga Yesu, North: Land of Ravuru Krishna. The Total extent of two items is Sq.yds 2613.6 of K.P.Palem South Village, K.P.Palem Grama Panchayat Area, Mogalthuru S.R.O. West Godavari District. (Symbolic Possession) 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

Srinu R*****

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 2457605

Price Check

This listing's reserve price works out to ₹402 per sq ft. The average across residential bank auctions in Bhimavaram on our site is ₹2,670 per sq ft, so this one is 85% 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 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 2457605), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹2,80,000 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 ₹50,000.
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.