1.6 acres Commercial Building for Auction in Anantapur – Canara

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

1.6 acres (≈ 69,696 sq ft)

Reserve price / sq ft

₹46

Locality

—

City

Anantapur

State

Andhra Pradesh

Pincode

515001

Address

Ananthapuramu, Andhra Pradesh, 515001 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

ANANTHAPUR-659

Auction type

DRT Auction

Borrower

D V*****

Auction start

23 Oct 2026, 11:30 AM

Auction end

23 Oct 2026, 12:00 PM

EMD submission deadline

21 Oct 2026, 05:00 PM

Inspection

16 Oct 2026, 11:00 AM – 16 Oct 2026, 05:00 PM

Authorised officer

MAHIPAL REDDY, CHIEF MANAGER

Officer contact

9032005544

E-auction portal

BAANKNET (Property ID CNRB00VISHALAKSHI)

Price Check

This listing's reserve price works out to ₹46 per sq ft. The average across commercial bank auctions in Anantapur on our site is ₹1,341 per sq ft, so this one is 97% 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 16 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRB00VISHALAKSHI)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 21 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 23 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.