63 sq yard Commercial Building for Auction in Pedana, Bhimavaram, Bhimavaram – Canara

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

63 sq yard (≈ 567 sq ft)

Reserve price / sq ft

₹12,511

Locality

Pedana, Bhimavaram

City

Bhimavaram

State

Andhra Pradesh

Pincode

534202

Address

PEDANA, Bhimavaram, Andhra Pradesh, 534202 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

CHATAPARRU-1330

Auction type

SARFAESI Auction

Borrower

ABDUL M*****

Auction start

12 Oct 2026, 12:00 PM

Auction end

12 Oct 2026, 02:00 PM

EMD submission deadline

12 Oct 2026, 12:00 PM

Inspection

07 Sep 2026, 03:41 PM – 11 Oct 2026, 05:00 PM

Authorised officer

D KRISHNARJUNA RAO

Officer contact

8179522542

E-auction portal

BAANKNET (Property ID CNRB126389703)

Price Check

This listing's reserve price works out to ₹12,511 per sq ft. The average across commercial bank auctions in Bhimavaram on our site is ₹2,351 per sq ft, so this one is 432% 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 7 Sep 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRB126389703)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 12 Oct 2026, 12:00 PM. It is refunded if you don't win.
5. Bid online on 12 Oct 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.