2,600 sq yard Commercial Building for Auction in Vijayawada, Vijayawada – IDBI

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

2,600 sq yard (≈ 23,400 sq ft)

Reserve price / sq ft

₹1,098

Locality

Vijayawada

City

Vijayawada

State

Andhra Pradesh

Pincode

521104

Address

Vijayawada, Andhra Pradesh, 521104 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

IDBI Bank

Branch

NMG, Mumbai Centre

Auction type

SARFAESI Auction

Borrower

Velagapudi S***** L*****

Auction start

18 Nov 2026, 11:00 AM

Auction end

18 Nov 2026, 01:00 PM

EMD submission deadline

16 Nov 2026, 04:00 PM

Inspection

16 Oct 2026, 11:00 AM – 16 Oct 2026, 04:00 PM

Authorised officer

Shri Mangesh Shinde

Officer contact

9867449669

E-auction portal

BAANKNET (Property ID IBKLVSL02)

Price Check

This listing's reserve price works out to ₹1,098 per sq ft. The average across commercial bank auctions in Vijayawada on our site is ₹5,082 per sq ft, so this one is 78% 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 16 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IBKLVSL02)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 16 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 18 Nov 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.