Gajulamandhyam Industrial Area Factory Auction: Others – Reserve ₹15.3 Lakh (7 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-366473
Property Description
State Bank of India has put a factory up for sale through the Gajulamandhyam Industrial Area factory auction, open to all registered bidders on BAANKNET. On offer is a others in Gajulamandhyam Industrial Area, Tirupati (PIN 517520). The online auction runs on 7 October 2026 (1:00 PM to 3:00 PM) with a reserve price of ₹15,30,000.
The property is being sold under SARFAESI on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.
Table of Contents
Table of Contents
Gajulamandhyam Industrial Area Factory Auction: Key Highlights
- Reserve price: ₹15,30,000 (₹15.3 Lakh)
- EMD: ₹1,53,000
- Bid increment: ₹10,000
- Auction: 7 October 2026, 1:00 PM to 3:00 PM
- Last date for EMD: 7 October 2026, 3:00 PM
- Location: Gajulamandhyam Industrial Area, Tirupati, Andhra Pradesh
- Possession: Physical
Gajulamandhyam Industrial Area Factory Auction – Complete Details
| Auction ID | 366473 |
| Bank property ID | SBIN200058795224 |
| Bank | State Bank of India |
| Branch | Sarb Hyderabad |
| Property type | Industrial – Others |
| Locality | Renigunta Road, Tirupati Chitoor Distt. |
| City / District | Gajulamandhyam Industrial Area, Tirupati |
| State | Andhra Pradesh |
| PIN code | 517520 |
| Type of possession | Physical |
| Type of action | Under SARFAESI |
| Reserve price | ₹15,30,000 |
| EMD | ₹1,53,000 |
| Bid increment | ₹10,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Gajulamandhyam Industrial Area
Gajulamandhyam Industrial Area is in Tirupati district of Andhra Pradesh, under PIN code 517520. Andhra Pradesh’s property market is led by Visakhapatnam, Vijayawada, Guntur and Tirupati, with port-led and highway-led growth across the coastal districts. The handling branch is Sarb Hyderabad, which is usually the best contact for site visits and local queries.
Is the Gajulamandhyam Industrial Area Factory Auction Worth It?
The EMD of ₹1,53,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Because the reserve price is fixed from a registered valuer’s report, it is often below the market rate – but factor in transfer costs and any dues before deciding your maximum bid. The bank holds physical possession, which usually makes handover after the sale smoother.
Important Dates for the Gajulamandhyam Industrial Area Factory Auction
- Inspection window: 5 October 2026, 10:00 AM to 6 October 2026, 5:07 PM
- EMD submission opens: 28 September 2026
- Last date for EMD: 7 October 2026, 3:00 PM
- E-auction: 7 October 2026, 1:00 PM to 3:00 PM
- Auto-extension: 5 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 366473 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9840589762.
- Pay the EMD of ₹1,53,000 through the BAANKNET wallet before 7 October 2026, 3:00 PM.
- Log in on 7 October 2026 and bid above the reserve in steps of ₹10,000; each late bid extends the auction by 5 minutes.
The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.
Due Diligence Checklist Before Bidding
- Check whether the plot is freehold or leasehold (MIDC/SIDCO/KIADB etc.) and the transfer charges.
- Inspect machinery, if included, and confirm the inventory.
- Verify pollution, fire and factory licence requirements.
- Check pending electricity, water and statutory dues.
- Read our warehouse and godown buying guide before you bid.
Gajulamandhyam Industrial Area Factory Auction: FAQs
What is the reserve price in the Gajulamandhyam Industrial Area factory auction?
The reserve price is ₹15,30,000. Bids below the reserve price are not accepted.
When is the Gajulamandhyam Industrial Area factory auction scheduled?
The e-auction is on 7 October 2026 from 1:00 PM to 3:00 PM. The last date for EMD is 7 October 2026, 3:00 PM.
How much EMD is required?
The earnest money deposit is ₹1,53,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Gajulamandhyam Industrial Area, Tirupati, Andhra Pradesh – 517520.
Where can I see the official sale notice?
Search Auction ID 366473 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More SBI and Andhra Pradesh Auctions
- All State Bank of India auction listings
- More factory auctions
- Bank auctions in Andhra Pradesh
- Guide: finance options for commercial auctions
Source: Auction ID 366473 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with State Bank of India before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by State Bank of India. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Factories |
|---|---|
| Location | Gajulamandhyam Industrial Area, Tirupati, Tirupati, Andhra Pradesh |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 28 Sep 2026Auction Notice Published
- 5 Oct 2026Inspection Starts
- 6 Oct 2026Inspection Ends
- 7 Oct 2026Last Date for EMD Submission
- 7 Oct 2026, 1:00 PM to 3:00 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.