5 sq yd Land & Building for Auction in Bhimavaram – Chola

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

5 sq yd (≈ 45 sq ft)

Reserve price / sq ft

₹1,44,444

Locality

—

City

Bhimavaram

State

Andhra Pradesh

Address

Descriptions of the property: Property belongs to Mrs. MANGA MANYEM (Co-applicant): All that piece and parcel of land and building in an extent of 284-5 Sq.yds of Site consisting of two items with House therein bearing Old Dr.No.25-28, Dr 16-3-11, Asst No. 1142001969 as per tax receipt in RS No.283 of Jangareddygudem Municipality Jangareddy Gudem Mandal Jangareddy Gudem Sub Registry West Godavari District, being bounded by: 1st Item: 174-25 Sq.yds., East: Ft 61.0, drain between this property and property of Singamsetty Sarojani and others, South: Ft 25.0, Municipal C.C. Road, West: Ft 62.0. 2nd Item and property of Darnalakota Balakrishna, North: Ft 26.0, Municipal C.C. Road. 2nd Item: 110-25 Sq.yds., East: Ft 37.6, 1st Item, South: Ft 28.0, Property of Darnalakota Balakrishna, West: Ft 32.6, Market Site, North: Ft 29.0, Municipal CC. Road View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Cholamandalam Investment and Finance Company

Branch

NTR Dist

Auction type

SARFAESI Auction

Borrower

Srinuvasarao M*****

Auction start

06 Oct 2026, 11:00 AM

Auction end

06 Oct 2026, 01:00 PM

EMD submission deadline

05 Oct 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2375094

Price Check

This listing's reserve price works out to ₹1,44,444 per sq ft. The average across residential bank auctions in Bhimavaram on our site is ₹2,542 per sq ft, so this one is 5582% above 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 (bankauctions.in (4Closure) · Listing 2375094), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹6,50,000 before 05 Oct 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 6 Oct 2026 starting above the reserve price, in multiples of ₹1,00,000.
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.