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Factory SARFAESI Auction Symbolic Possession

1,602 sq yard Factory for Auction in Industrial, Ongole, Ongole – Canara

Industrial, Ongole, Ongole, Andhra Pradesh · Auction ID #117386

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Factory for auction in Industrial, Ongole, Ongole – Canara – photo 1
Factory for auction in Industrial, Ongole, Ongole – Canara – photo 2
Factory for auction in Industrial, Ongole, Ongole – Canara – photo 3
Factory for auction in Industrial, Ongole, Ongole – Canara – photo 4
Factory for auction in Industrial, Ongole, Ongole – Canara – photo 5
Factory for auction in Industrial, Ongole, Ongole – Canara – photo 6
Factory for auction in Industrial, Ongole, Ongole – Canara – photo 7
Factory for auction in Industrial, Ongole, Ongole – Canara – photo 8
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Reserve Price ₹40,00,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 04 Dec 2026, 10:30 AM In 20 days
EMD Last Date 03 Dec 2026, 04:00 PM In 19 days
Area1,602 sq yard
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Property Details

Property type
Factory (Industrial)
Possession
Symbolic Possession
Area
1,602 sq yard (≈ 14,418 sq ft)
Reserve price / sq ft
₹277
Locality
Industrial, Ongole
City
Ongole
Pincode
523002
Address
INDUSTRIAL, Ongole, Andhra Pradesh, 523002 View on map

Description (as per sale notice)

All that part and parcel of Granite Factory named as M/s. Sri Lakshmi Ganapathi Granites, with Assessment No.887, constructed on western part of land admeasuring an extent of Ac. 0.42.1/2 cents or 2057 Sq Yards or 0.170 hectares in Ac. 3.42 cents out of Ac. 9.72 cents in Sy. No. 115/2 later subdivided as 115/2C, 2D of Yeluru Village and Gramapanchayat, Podili Mandal, Prakasam District and bounded by. East : Joint Road South : Factory Belongs to Kanikipati Nagajyothi in this Survey No West : Sikhakollu Venkata Subba Rao land North : Factory Belongs to Pasam Parvathi

BAANKNET Property ID: CNRBLKGRANITES
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Bank & Auction Details

Bank / Lender
Canara Bank
Branch
SPECIALIZED ARM BRANCH, TIRUPATI
Auction type
SARFAESI Auction
Borrower
SRI L***** G***** G*****
Auction start
04 Dec 2026, 10:30 AM
Auction end
04 Dec 2026, 11:30 AM
EMD submission deadline
03 Dec 2026, 04:00 PM
Inspection
30 Nov 2026, 11:00 AM – 30 Nov 2026, 04:00 PM
Authorised officer
G V GOPI SANDEEP
Officer contact
9491061630
E-auction portal
BAANKNET (Property ID CNRBLKGRANITES)
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Price Check

This listing's reserve price works out to ₹277 per sq ft. The average across industrial bank auctions in Ongole on our site is ₹475 per sq ft, so this one is 42% 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 30 Nov 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID CNRBLKGRANITES)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 03 Dec 2026, 04:00 PM. It is refunded if you don't win.
  5. Bid online on 4 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.

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Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Canara Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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