0.62 acres Office for Auction in Martur, Ongole, Ongole – Canara

Property Details

Property type

Office (Commercial)

Possession

Symbolic Possession

Area

0.62 acres (≈ 27,007 sq ft)

Reserve price / sq ft

₹368

Locality

Martur, Ongole

City

Ongole

State

Andhra Pradesh

Pincode

523001

Address

MARTUR, Ongole, Andhra Pradesh, 523001 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

SPECIALIZED ARM BRANCH, TIRUPATI

Auction type

SARFAESI Auction

Borrower

Narra C*****

Auction start

12 Nov 2026, 10:30 AM

Auction end

12 Nov 2026, 11:30 AM

EMD submission deadline

11 Nov 2026, 04:00 PM

Inspection

30 Oct 2026, 11:00 AM – 30 Oct 2026, 04:00 PM

Authorised officer

P GOWRI SHANKAR

Officer contact

9994376626

E-auction portal

BAANKNET (Property ID CNRBABHINAYAINDUSTRIES3)

Price Check

This listing's reserve price works out to ₹368 per sq ft. The average across commercial bank auctions in Ongole on our site is ₹2,808 per sq ft, so this one is 87% 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 30 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRBABHINAYAINDUSTRIES3)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 11 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 12 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.