1 acres Industrial Plot for Sale (Bank Auction) in Indukurpet Mandal, Koruturu Panchayathi Village, Nellore District, Gangapatnam, Nellore – Canara

Property Details

Property type

Industrial Plot (Industrial)

Possession

Symbolic Possession

Area

1 acres (≈ 43,560 sq ft)

Reserve price / sq ft

₹473

Locality

Indukurpet Mandal, Koruturu Panchayathi Village, Nellore District, Gangapatnam

City

Nellore

State

Andhra Pradesh

Pincode

524313

Address

Indukurpet Mandal, Koruturu Panchayathi Village, Nellore District, Gangapatnam, Andhra Pradesh, 524313 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

KODURU (NELLORE DIST)-13488

Auction type

SARFAESI Auction

Borrower

NVK A**** H*****

Auction start

—

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

BAANKNET (Property ID CNRBNVKHATCHERY)

Price Check

This listing's reserve price works out to ₹473 per sq ft. The average across industrial bank auctions in Nellore on our site is ₹599 per sq ft, so this one is 21% 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 (BAANKNET (Property ID CNRBNVKHATCHERY)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before —. It is refunded if you don't win.
5. Bid online on — 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.