1,288 sq yd Residential Plot for Auction in Bhimavaram – KVB

Property Details

Property type

Residential Plot (Residential)

Possession

Not specified

Area

1,288 sq yd (≈ 11,592 sq ft)

Reserve price / sq ft

₹1,018

Locality

—

City

Bhimavaram

State

Andhra Pradesh

Address

Schedule B: Residential Vacant Land situated at R. S.No. 1167/4, NearH.No. 1-80, Beside Dr. Sunkavalli Smaraka Vignana Bharathi high School Unguturu Village and Panchayath, Unguturu Mandal, West Godavari District (Earlier), Eluru District (Present), with an extent of 1288 Sq Yds belongs to Mrs. Patsamatia Padmavathi being Bounded by: East: Site of Bommadevara Ananta Padamanabham, West: Patsamalla Siva Rama Raju North: Sunkavalli Rama Kirshna Chowdary, South: NH Road The above property was obtained through Regd. Sale Deed No. 5762/2015 and Mortgaged through Doc No 8299/2017 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Karur Vysya Bank

Branch

Tadepalligudem Branch

Auction type

SARFAESI Auction

Borrower

Mrs. P***** P*****

Auction start

26 Oct 2026, 11:00 AM

Auction end

26 Oct 2026, 12:00 PM

EMD submission deadline

24 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2412832

Price Check

This listing's reserve price works out to ₹1,018 per sq ft. The average across residential bank auctions in Bhimavaram on our site is ₹2,541 per sq ft, so this one is 60% 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 2412832), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹11,80,000 before 24 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 26 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.