6.43 cent Commercial Building for Auction in Nellore – APSFC

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

6.43 cent (≈ 2,800 sq ft)

Reserve price / sq ft

₹8,398

Locality

—

City

Nellore

State

Andhra Pradesh

Address

a) Total assets: Industrial land admeasuring Ac.6.43 cents covered by Sy.Nos. 187/1C, 187/4, 187/5,187/6, 188/2J, 188/2L, 189/6, 195/2, 195/7, ; 195/8, Mamidipudi (V), Muthukur(M), SPSR Nellore District together with buildings constructed thereon and machinery. b) Machinery : Paraboiled Ricemill machinery with capacity 40 tons/batch and Raw Rice mill machinery capacity 3-4TPH etc View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Andhra Pradesh State Financial Corporation

Branch

Nellore Branch

Auction type

SARFAESI Auction

Borrower

M/s. J*** S** K***** K***** R*** I*****

Auction start

02 Dec 2026, 10:30 AM

Auction end

02 Dec 2026, 11:30 AM

EMD submission deadline

30 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2413146

Price Check

This listing's reserve price works out to ₹8,398 per sq ft. The average across commercial bank auctions in Nellore on our site is ₹10,765 per sq ft, so this one is 22% 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 2413146), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹18,09,000 before 30 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 2 Dec 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.