289.33 sq yd House for Auction in Kakinada – IndusInd

Property Details

Property type

House (Residential)

Possession

Not specified

Area

289.33 sq yd (≈ 2,603 sq ft)

Reserve price / sq ft

₹5,536

Locality

—

City

Kakinada

State

Andhra Pradesh

Address

Lot No 1 - RCC roofed G+2 floored residential building bearing D. No.4-1-48, Padmanabha Colony, consists of 289.33 sq. yds of site bearing Plot Nos. 41 & 42 in the layout LP No.119/99 made of land Ac 4.10 cents in T.S. no.1-1-10/1, on the North in 6.75% cents on the west in full extent Ac 13.51 cents, in old Survey no.839, kummari vardi veedhi, ward No.3, Peddapuram Village, Peddapuram Municipality, Peddapuram Mandal, Peddapuram Sub Registry, East Godavari Dist., bounded by: East : Layout Road - 47'.4" South : Plot No.40 Site - 55'.0" West : Plot Nos. 34 and 35-47'.4" North : Remaining Site in Plot no.42 on the north of Kongara Raja Sekhar and Peda Kapu - 55'.0" View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

IndusInd Bank

Branch

IndusInd Bank Limited, Begumpet, Hyderabad - BO

Auction type

SARFAESI Auction

Borrower

M/s. G M S S***** S*****

Auction start

20 Nov 2026, 10:00 AM

Auction end

20 Nov 2026, 11:00 AM

EMD submission deadline

19 Nov 2026, 04:00 PM

Inspection

18 Nov 2026, 11:00 AM – 18 Nov 2026, 01:00 PM

Authorised officer

—

Officer contact

—

E-auction portal

C1 India

Price Check

This listing's reserve price works out to ₹5,536 per sq ft. The average across residential bank auctions in Kakinada on our site is ₹1,992 per sq ft, so this one is 178% 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 (open notice).
2. Inspect the property on 18 Nov 2026 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 ₹14,41,500 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, 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.