1,176 sq yard Commercial Building for Auction in Cumbum, Markapur, Ongole – Canara

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

1,176 sq yard (≈ 10,584 sq ft)

Reserve price / sq ft

₹4,546

Locality

Cumbum, Markapur

City

Ongole

State

Andhra Pradesh

Pincode

523316

Address

CUMBUM, Markapur, Andhra Pradesh, 523316 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

SPECIALIZED ARM BRANCH, TIRUPATI

Auction type

SARFAESI Auction

Borrower

RAVURI K*** R**** S***** R**

Auction start

10 Dec 2026, 10:30 AM

Auction end

10 Dec 2026, 11:30 AM

EMD submission deadline

09 Dec 2026, 04:00 PM

Inspection

04 Dec 2026, 11:00 AM – 04 Dec 2026, 04:00 PM

Authorised officer

G V GOPI SANDEEP

Officer contact

9491061630

E-auction portal

BAANKNET (Property ID CNRBRAVURI2)

Price Check

This listing's reserve price works out to ₹4,546 per sq ft. The average across commercial bank auctions in Ongole on our site is ₹2,726 per sq ft, so this one is 67% 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 4 Dec 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRBRAVURI2)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 09 Dec 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 10 Dec 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.