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Office SARFAESI Auction Symbolic Possession

0.62 acres Office for Auction in Martur, Ongole, Ongole – Canara

Martur, Ongole, Ongole, Andhra Pradesh · Auction ID #7941

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Office for auction in Martur, Ongole, Ongole – Canara – photo 1
Office for auction in Martur, Ongole, Ongole – Canara – photo 2
Office for auction in Martur, Ongole, Ongole – Canara – photo 3
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Reserve Price ₹1,12,14,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 14 Oct 2026, 10:30 AM
EMD Last Date 13 Oct 2026, 04:00 PM
Area0.62 acres
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Property Details

Property type
Office (Commercial)
Possession
Symbolic Possession
Area
0.62 acres (≈ 27,007 sq ft)
Reserve price / sq ft
₹415
Locality
Martur, Ongole
City
Ongole
Pincode
523001
Address
MARTUR, Ongole, Andhra Pradesh, 523001 View on map

Description (as per sale notice)

All that part and parcel of RCC Building, ACC Sheet Roofed Shed located at Prakasam District, Martur SRO, Martur Mandal, Jonnathali Gram Panchayat, Jonnathali Village Sy No.148/1, to an extent of Ac 0-62 ½ cents and constructions there on Bounded by: East: Narayanam Rangacharyulu Land South: Land belongs to Swasthik Exports, Jonnathali West: Polimera Road North: Donka (Covered under Regd. Sale Deed dated 24.08.2007 vide Doc.No.2569/2007 of SRO Martur)

BAANKNET Property ID: CNRBABHINAYAINDUSTRIES3
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Bank & Auction Details

Bank / Lender
Canara Bank
Branch
SPECIALIZED ARM BRANCH, TIRUPATI
Auction type
SARFAESI Auction
Borrower
Narra C*****
Auction start
14 Oct 2026, 10:30 AM
Auction end
14 Oct 2026, 11:30 AM
EMD submission deadline
13 Oct 2026, 04:00 PM
Inspection
02 Oct 2026, 11:00 AM – 02 Oct 2026, 04:00 PM
Authorised officer
GOWRI SHANKAR
Officer contact
9994376626
E-auction portal
BAANKNET (Property ID CNRBABHINAYAINDUSTRIES3)
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Price Check

This listing's reserve price works out to ₹415 per sq ft. The average across commercial bank auctions in Ongole on our site is ₹2,808 per sq ft, so this one is 85% 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 2 Oct 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID CNRBABHINAYAINDUSTRIES3)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 13 Oct 2026, 04:00 PM. It is refunded if you don't win.
  5. Bid online on 14 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.

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Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Canara Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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