1,089 sq yard Factory for Sale (Bank Auction) in Podili Mandal, Yeluru Village, Chimakurthy, Ongole – SBI

Property Details

Property type

Factory (Industrial)

Possession

Symbolic Possession

Area

1,089 sq yard (≈ 9,801 sq ft)

Reserve price / sq ft

₹279

Locality

Podili Mandal, Yeluru Village, Chimakurthy

City

Ongole

State

Andhra Pradesh

Pincode

523226

Address

Podili Mandal, Yeluru Village, Chimakurthy, Andhra Pradesh, 523226 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

State Bank of India

Branch

SANTHAPET ONGOLE-20488

Auction type

SARFAESI Auction

Borrower

NAGA V***** S** E***** P***** C***** N*****

Auction start

—

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

BAANKNET (Property ID SBIN6245742032)

Price Check

This listing's reserve price works out to ₹279 per sq ft. The average across industrial bank auctions in Ongole on our site is ₹475 per sq ft, so this one is 41% 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 SBIN6245742032)), 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.