496.37 sq yd Commercial Building for Auction in Eluru – KVB

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

496.37 sq yd (≈ 4,467 sq ft)

Reserve price / sq ft

₹6,044

Locality

—

City

Eluru

State

Andhra Pradesh

Address

RCC Roofed Ground Floor Commercial and First Floor Residential building bearing situated at New D.No.11-2-189, Old D.No.8-3-84, Assessment No. 1142003519, R.S.No.298/2 and 3 Revenue Ward No. 11, Elurivari Street, Subbareddy Colony, Jangareddygudem Village and Mandal, Eluru District in an extent of 496.37 sq. yds (Item-1 of 342.19 sq. yds, Item-2 of 135.62 sq. yds and Item-3 of 18.56 sq. yds) standing in the name of Smt. Mahankali Sai Satya Annapurna Padmaja w/o Late Rukkayya acquired through Regd. Partition Deed 7998/2010 dt. 18.11.2010 & Rectification deed no.624/2018 dt.03.03.2018 secured to our Bank by MOD No.5663/2018 dt.07.09.2018 and bounded byItem No.1: Property to an extent of 342.19 Sq. yds: North: 68 feet -Site and Building of Konduri Krishna Rao, East: 44.6 Feet-Site mentioned below Item No.2, West: 45.9 Feet-Panchayathi Road, South: 68.6 Feet -Site of Mahankalil Ramam.Item No.2: Property to an extent of 135.62 Sq. yds: North: 31.9 Feet -Site and building of Konduri Krishna Rao and site mentioned below Item No.3, East: 45.6 Feet-Compound wall of Mahankali Ganga Raju, West: 44.6 Feet-Site mentioned above Item No. 1, South: 22.6 Feet - Site and building of Mahankali Ramam.Item No.3: Property to an extent of 18.56 Sq. yds: North: 18.9 Feet-Site of Chittapudi Rama Krishna, East: 6 Feet Compound Wall of Mahankali Ganga Raju, West: 17.3 Feet Site and house of Konduri Krishna Rao, South: 10 Feet - Site mentioned in above Item No.2. Within the above boundaries an extent of View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Karur Vysya Bank

Branch

Visakhapatnam main branch

Auction type

SARFAESI Auction

Borrower

M/s S** M**** A***** H***** A** T*****

Auction start

01 Oct 2026, 11:00 AM

Auction end

01 Oct 2026, 12:00 PM

EMD submission deadline

30 Sep 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2395226

Price Check

This listing's reserve price works out to ₹6,044 per sq ft. The average across commercial bank auctions in Eluru on our site is ₹3,626 per sq ft, so this one is 67% 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 2395226), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹27,00,000 before 30 Sep 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 1 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.