631 sq yard Commercial Building for Auction in Kavali, Nellore – Canara

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

631 sq yard (≈ 5,679 sq ft)

Reserve price / sq ft

₹1,556

Locality

Kavali

City

Nellore

State

Andhra Pradesh

Pincode

524201

Address

KAVALI, Andhra Pradesh, 524201 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

SRI V***** S***** M***** R*** M***

Auction start

30 Sep 2026, 10:30 AM

Auction end

30 Sep 2026, 11:30 AM

EMD submission deadline

29 Sep 2026, 04:00 PM

Inspection

21 Sep 2026, 11:00 AM – 21 Sep 2026, 04:00 PM

Authorised officer

P GOWRISHANKAR

Officer contact

9994376626

E-auction portal

BAANKNET (Property ID CNRBVENKATASESHADRI2)

Price Check

This listing's reserve price works out to ₹1,556 per sq ft. The average across commercial bank auctions in Nellore on our site is ₹12,051 per sq ft, so this one is 87% 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 21 Sep 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRBVENKATASESHADRI2)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 29 Sep 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 30 Sep 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.