1.61 acres Commercial Building for Auction in Rajamahendravaram, Rajamahendravaram – Canara

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

1.61 acres (≈ 70,131 sq ft)

Reserve price / sq ft

₹190

Locality

Rajamahendravaram

City

Rajamahendravaram

State

Andhra Pradesh

Pincode

533102

Address

Rajamahendravaram, Andhra Pradesh, 533102 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

VIJAYAWADA SPECIALISED ARM BRANCH

Auction type

SARFAESI Auction

Borrower

MSR S** F****

Auction start

28 Sep 2026, 02:00 PM

Auction end

28 Sep 2026, 04:00 PM

EMD submission deadline

28 Sep 2026, 12:00 PM

Inspection

25 Sep 2026, 11:00 AM – 25 Sep 2026, 04:00 PM

Authorised officer

H N PRASAD TAMARAPALLI

Officer contact

9032200666

E-auction portal

BAANKNET (Property ID CNRB302030437)

Price Check

This listing's reserve price works out to ₹190 per sq ft. The average across commercial bank auctions in Rajamahendravaram on our site is ₹2,162 per sq ft, so this one is 91% 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 25 Sep 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRB302030437)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 28 Sep 2026, 12:00 PM. It is refunded if you don't win.
5. Bid online on 28 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.