Indus Gene Expressions Ltd Sez Factory Auction: Shed with Plant and Machinery (12,158 sq ft) – Reserve ₹28.4 Cr (13 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-361776
Property Description
Here is a fresh bank e-auction worth tracking: the Indus Gene Expressions Ltd Sez factory auction, offered by Canara Bank at a reserve of ₹28.4 Cr. On offer is a shed with plant and machinery in Indus Gene Expressions Ltd Sez, Sri Sathyasai (PIN 515341), with 12,158 sq ft carpet area. The online auction runs on 13 October 2026 (10:30 AM to 11:30 AM) with a reserve price of ₹28,40,00,000.
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
Indus Gene Expressions Ltd Sez Factory Auction: Key Highlights
- Reserve price: ₹28,40,00,000 (₹28.4 Cr)
- EMD: ₹2,84,00,000
- Bid increment: ₹1,00,000
- Auction: 13 October 2026, 10:30 AM to 11:30 AM
- Last date for EMD: 12 October 2026, 4:00 PM
- Location: Indus Gene Expressions Ltd Sez, Sri Sathyasai, Andhra Pradesh
- Possession: Physical
Indus Gene Expressions Ltd Sez Factory Auction – Complete Details
| Auction ID | 361776 |
| Bank property ID | CNRBINDUS1489 |
| Bank | Canara Bank |
| Branch | Specialized Arm Branch, Tirupati |
| Property type | Industrial – Shed with Plant and Machinery |
| Carpet area | 12,158 sq ft |
| Locality | Chilamatur |
| City / District | Indus Gene Expressions Ltd Sez, Sri Sathyasai |
| State | Andhra Pradesh |
| PIN code | 515341 |
| Type of possession | Physical |
| Type of action | Under SARFAESI |
| Reserve price | ₹28,40,00,000 |
| EMD | ₹2,84,00,000 |
| Bid increment | ₹1,00,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Indus Gene Expressions Ltd Sez
This listing falls in Indus Gene Expressions Ltd Sez, Sri Sathyasai, Andhra Pradesh, postal code 515341. 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 Specialized Arm Branch, Tirupati, which is usually the best contact for site visits and local queries.
Is the Indus Gene Expressions Ltd Sez Factory Auction Worth It?
At the reserve price, the property works out to about ₹23,359 per sq ft of carpet area – compare this with recent resale rates in Indus Gene Expressions Ltd Sez before you bid. The EMD of ₹2,84,00,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Bank e-auctions often close near the reserve price when there are few bidders, which is where well-prepared buyers find value. The bank holds physical possession, which usually makes handover after the sale smoother.
Important Dates for the Indus Gene Expressions Ltd Sez Factory Auction
- Inspection window: 8 October 2026, 11:00 AM to 8 October 2026, 4:00 PM
- EMD submission opens: 17 September 2026
- Last date for EMD: 12 October 2026, 4:00 PM
- E-auction: 13 October 2026, 10:30 AM to 11:30 AM
- 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 361776 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9491061630.
- Pay the EMD of ₹2,84,00,000 through the BAANKNET wallet before 12 October 2026, 4:00 PM.
- Log in on 13 October 2026 and bid above the reserve in steps of ₹1,00,000; 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.
Indus Gene Expressions Ltd Sez Factory Auction: FAQs
What is the reserve price in the Indus Gene Expressions Ltd Sez factory auction?
The reserve price is ₹28,40,00,000. Bids below the reserve price are not accepted.
When is the Indus Gene Expressions Ltd Sez factory auction scheduled?
The e-auction is on 13 October 2026 from 10:30 AM to 11:30 AM. The last date for EMD is 12 October 2026, 4:00 PM.
How much EMD is required?
The earnest money deposit is ₹2,84,00,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Indus Gene Expressions Ltd Sez, Sri Sathyasai, Andhra Pradesh – 515341.
Where can I see the official sale notice?
Search Auction ID 361776 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Canara Bank and Andhra Pradesh Auctions
- All Canara Bank auction listings
- More factory auctions
- Bank auctions in Andhra Pradesh
- Guide: finance options for commercial auctions
Source: Auction ID 361776 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara Bank 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 Canara Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Factories |
|---|---|
| Land Area | 12158 sq ft |
| Location | Indus Gene Expressions Ltd Sez, Sri Sathyasai, Sri Sathyasai, Andhra Pradesh |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 17 Sep 2026Auction Notice Published
- 8 Oct 2026Inspection Starts
- 8 Oct 2026Inspection Ends
- 12 Oct 2026Last Date for EMD Submission
- 13 Oct 2026, 10:30 AM to 11:30 AMe-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.