1,160 sq ft Flat for Auction in Medchal-Malkajgiri – Equitas SFB

Property Details

Property type

Flat (Residential)

Possession

Not specified

Area

1,160 sq ft

Reserve price / sq ft

₹3,600

Locality

—

City

Medchal-Malkajgiri

State

Telangana

Address

All That The Flat No. 502 (West Facing), On Fifth Floor Bearing H. No. 2-4-64/5 In Survey No. 132,On Plot Nos. 1 & 2, With A Plinth Area Of 1160 Sq. Feet (Including Common Areas And One Car Parking) Along With An Undivided Share Of Land Admeasuring 43.2 Square Yards (Out Of 590 Square Yards) Situated At Sri Sai Colony, Macha Bollaram, Secunderabad, Medchal- Malkajgiri District. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Equitas Small Finance Bank

Branch

Equitas Small Finance Bank Ltd. Anna Salai, Chennai - BO

Auction type

SARFAESI Auction

Borrower

Akondi S***** M****

Auction start

20 Nov 2026, 11:00 AM

Auction end

20 Nov 2026, 12:30 PM

EMD submission deadline

19 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

C1 India

Price Check

This listing's reserve price works out to ₹3,600 per sq ft. The average across residential bank auctions in Medchal-Malkajgiri on our site is ₹7,167 per sq ft, so this one is 50% 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 (open notice).
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 (C1 India), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹4,17,600 before 19 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 20 Nov 2026 starting above the reserve price, in multiples of ₹10,000.
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.