124.46 sq yd Land & Building for Auction in Bhimavaram – KVB

Property Details

Property type

Land & Building (Residential)

Possession

Not specified

Area

124.46 sq yd (≈ 1,120 sq ft)

Reserve price / sq ft

₹2,187

Locality

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City

Bhimavaram

State

Andhra Pradesh

Address

Residential Land and Building situated at R.s No 171/1, H.NO 2-43, Bhuvanapalli Village and Gram Panchayath, Nidamarru Mandal, West Godavri District (Earlier), Now Eluru District. Andhra Pradesh with an extent of 124.46 Sq. Yds (as per Sale Deed) and Net Extent is 119.65 Sq. Yds bounded by the following boundaries: North: Ramalayam Temple, South Site of Alla Nagaratnam, East: 1.5 Yds Wide Joint Land, West: Site of Allumolu Venkanna. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Karur Vysya Bank

Branch

Bhimavaram Branch

Auction type

SARFAESI Auction

Borrower

Smt. N***** L***** K*****

Auction start

19 Dec 2026, 11:00 AM

Auction end

19 Dec 2026, 12:00 PM

EMD submission deadline

18 Dec 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2466614

Price Check

This listing's reserve price works out to ₹2,187 per sq ft. The average across residential bank auctions in Bhimavaram on our site is ₹2,670 per sq ft, so this one is 18% 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 the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (4Closure · Listing 2466614), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹2,45,000 before 18 Dec 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 19 Dec 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.