8,712 sq yard Residential Plot for Auction in Eluru – IOB

Property Details

Property type

Residential Plot (Residential)

Possession

Symbolic Possession

Area

8,712 sq yard (≈ 78,408 sq ft)

Reserve price / sq ft

₹384

Locality

—

City

Eluru

State

Andhra Pradesh

Pincode

534001

Address

Eluru, Andhra Pradesh, 534001 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Overseas Bank

Branch

RING ROAD, VIJAYAWADA-1067

Auction type

SARFAESI Auction

Borrower

M/s S*** S***** L**** F**** I*****

Auction start

30 Nov 2026, 11:00 AM

Auction end

30 Nov 2026, 02:00 PM

EMD submission deadline

30 Nov 2026, 11:00 AM

Inspection

16 Nov 2026, 10:00 AM – 27 Nov 2026, 04:00 PM

Authorised officer

RAHUL SAHGAL

Officer contact

9608009002

E-auction portal

BAANKNET (Property ID IOBA1067SSLFI01)

Price Check

This listing's reserve price works out to ₹384 per sq ft. The average across residential bank auctions in Eluru on our site is ₹3,663 per sq ft, so this one is 90% 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.

Previous Auctions of This Property

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 16 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IOBA1067SSLFI01)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 30 Nov 2026, 11:00 AM. It is refunded if you don't win.
5. Bid online on 30 Nov 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.