144.44 sq yd Land & Building for Auction in Ongole – Chola

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

144.44 sq yd (≈ 1,299 sq ft)

Reserve price / sq ft

₹3,185

Locality

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City

Ongole

State

Andhra Pradesh

Address

All the part and Parcel of Property situated at Prakasam District, Markapuram Registration District, Kambham Sub-District, Kambham Mandal, Kandulapuram Grama Panchayati, Kandulapuram Village, Survey No: 203/A2, Out of Ac.0-50cts, Nearest Door No: 7/97, an Extent of: 144.44 Sq. Yards Of Site, 1000 Sq Feet RCC Bounded by: Boundaries: North: Site of Shaik Aliba, East: Site of Shaik Dada peer and Others, South: Road, West: Site of Challa Kotaiah View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Cholamandalam Investment and Finance Company

Branch

NTR Dist

Auction type

SARFAESI Auction

Borrower

Mahaboob B**** S****

Auction start

14 Nov 2026, 11:00 AM

Auction end

14 Nov 2026, 01:00 PM

EMD submission deadline

13 Nov 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2423642

Price Check

This listing's reserve price works out to ₹3,185 per sq ft. The average across residential bank auctions in Ongole on our site is ₹5,025 per sq ft, so this one is 37% 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.

Previous Auctions of This Property

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 (4Closure · Listing 2423642), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹4,14,000 before 13 Nov 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 14 Nov 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.