1,846 sq yard House for Auction in Nellore, Nellore – PNB

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

1,846 sq yard (≈ 16,614 sq ft)

Reserve price / sq ft

₹289

Locality

Nellore

City

Nellore

State

Andhra Pradesh

Pincode

524137

Address

Nellore, Andhra Pradesh, 524137 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Punjab National Bank

Branch

ARMB VIJAYWADA833200

Auction type

SARFAESI Auction

Borrower

RAZMETAL I*****

Auction start

15 Oct 2026, 11:00 AM

Auction end

15 Oct 2026, 04:00 PM

EMD submission deadline

15 Oct 2026, 04:00 PM

Inspection

—

Authorised officer

M Velayutham

Officer contact

9840037314

E-auction portal

BAANKNET (Property ID PUNBABA36336569)

Price Check

This listing's reserve price works out to ₹289 per sq ft. The average across residential bank auctions in Nellore on our site is ₹3,826 per sq ft, so this one is 92% 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 (BAANKNET (Property ID PUNBABA36336569)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 15 Oct 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 15 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.