550 sq ft Flat for Auction in Hyderabad – GIC HFL

Property Details

Property type

Flat (Residential)

Possession

Physical Possession

Area

550 sq ft

Reserve price / sq ft

₹2,834

Locality

—

City

Hyderabad

State

Telangana

Pincode

500050

Address

Gut No: Sy.no. 12/A & 13/A, House No.1-88/D/403, Building Name: Ravi Teja Apartments, Flat No.403, Floor No: 3rd Flr, Having Builtup Area Of 550 Sft, Along With Uds Of 25 Sq.yds, Out Of 1900 Sq.yds, Situated At Street Name: Block No.2, Land Mark: Near Prime Park, Taranagar, Chandanagar, Telangana-500050, Flat Bounded By North: Corridor, South: Open To Sky, East: Flat No.402, West: Open To Sky View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

GIC Housing Finance

Branch

Himayath Nagar

Auction type

SARFAESI Auction

Borrower

SRUJAN B*****

Auction start

07 Oct 2026, 03:00 PM

Auction end

07 Oct 2026, 04:00 PM

EMD submission deadline

06 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2401216

Price Check

This listing's reserve price works out to ₹2,834 per sq ft. The average across residential bank auctions in Hyderabad on our site is ₹7,355 per sq ft, so this one is 61% 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 (bankauctions.in (4Closure) · Listing 2401216), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹1,55,880 before 06 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 ₹10,000.
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.