275 sq yd Residential Plot for Auction in Eluru – IBC Liquidation

Property Details

Property type

Residential Plot (Residential)

Possession

Not specified

Area

275 sq yd (≈ 2,475 sq ft)

Reserve price / sq ft

₹3,636

Locality

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City

Eluru

State

Andhra Pradesh

Address

Plot No. 27, Sy. No. 395/2 & 397, Employees' Colony, near Kendriya Vidyalaya, Nuzvid Town & Municipality, Nuzividu Mandal, Eluru Dist., Andhra Pradesh. Land extent 275 Sq. Yds (corner plot) together with RCC Residential Building of Ground + 2 Upper Floors (Ground Floor 1950 Sq. Ft., First Floor 1950 Sq. Ft. and Second Floor 975 Sq. Ft.; total built-up area 4875 Sq. Ft.), with compound wall of 200 Rft. and gate. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

IBC Liquidation (IBBI)

Branch

Shri Venigalla Venkata Raghupathi Rao, Bankrupt

Auction type

Bank Auction

Borrower

SHRI V***** V***** R***** R*** B*****

Auction start

07 Oct 2026, 11:00 AM

Auction end

07 Oct 2026, 01:00 PM

EMD submission deadline

05 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

C1 India (bankeauctions.com)

Price Check

This listing's reserve price works out to ₹3,636 per sq ft. The average across residential bank auctions in Eluru on our site is ₹4,085 per sq ft, so this one is 11% 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 (C1 India (bankeauctions.com)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹4,50,000 before 05 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 7 Oct 2026 starting above the reserve price, in multiples of ₹50,000.
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.