Industrial Growth Centre Thimmanapalem House Auction: Individual House – Reserve ₹29.38 Lakh (14 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-364620
Property Description
Canara Bank has put a house up for sale through the Industrial Growth Centre Thimmanapalem house auction, open to all registered bidders on BAANKNET. On offer is a individual house in Industrial Growth Centre Thimmanapalem, Prakasam (PIN 523211). The online auction runs on 14 October 2026 (10:30 AM to 11:30 AM) with a reserve price of ₹29,38,000.
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
Industrial Growth Centre Thimmanapalem House Auction: Key Highlights
- Reserve price: ₹29,38,000 (₹29.38 Lakh)
- EMD: ₹2,93,800
- Bid increment: ₹50,000
- Auction: 14 October 2026, 10:30 AM to 11:30 AM
- Last date for EMD: 13 October 2026, 4:00 PM
- Location: Industrial Growth Centre Thimmanapalem, Prakasam, Andhra Pradesh
- Possession: Symbolic
Industrial Growth Centre Thimmanapalem House Auction – Complete Details
| Auction ID | 364620 |
| Bank property ID | CNRB00scholastic |
| Bank | Canara Bank |
| Branch | Specialized Arm Branch, Tirupati |
| Property type | Residential – Individual House |
| City / District | Industrial Growth Centre Thimmanapalem, Prakasam |
| State | Andhra Pradesh |
| PIN code | 523211 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹29,38,000 |
| EMD | ₹2,93,800 |
| Bid increment | ₹50,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Industrial Growth Centre Thimmanapalem
The property is located in Industrial Growth Centre Thimmanapalem, Prakasam district, Andhra Pradesh (PIN 523211). 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 Industrial Growth Centre Thimmanapalem House Auction Worth It?
The EMD of ₹2,93,800 is 10% of the reserve price and is refunded to unsuccessful bidders. The real saving in a bank auction comes after you add stamp duty, registration, pending dues and repair costs to the bid, so set a firm ceiling before the auction starts. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Industrial Growth Centre Thimmanapalem House Auction
- Inspection window: 2 October 2026, 11:00 AM to 2 October 2026, 4:00 PM
- EMD submission opens: 24 September 2026
- Last date for EMD: 13 October 2026, 4:00 PM
- E-auction: 14 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 364620 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9994376626.
- Pay the EMD of ₹2,93,800 through the BAANKNET wallet before 13 October 2026, 4:00 PM.
- Log in on 14 October 2026 and bid above the reserve in steps of ₹50,000; 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
- Obtain the encumbrance certificate and verify the title.
- Check pending property tax, electricity and water dues.
- Confirm the possession status and whether the property is occupied.
- Verify the approved plan and the condition of the building.
- Read our buying bank auction houses and villas before you bid.
Industrial Growth Centre Thimmanapalem House Auction: FAQs
What is the reserve price in the Industrial Growth Centre Thimmanapalem house auction?
The reserve price is ₹29,38,000. Bids below the reserve price are not accepted.
When is the Industrial Growth Centre Thimmanapalem house auction scheduled?
The e-auction is on 14 October 2026 from 10:30 AM to 11:30 AM. The last date for EMD is 13 October 2026, 4:00 PM.
How much EMD is required?
The earnest money deposit is ₹2,93,800. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Industrial Growth Centre Thimmanapalem, Prakasam, Andhra Pradesh – 523211.
Where can I see the official sale notice?
Search Auction ID 364620 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 house auctions
- Bank auctions in Andhra Pradesh
- Guide: symbolic vs physical possession explained
Source: Auction ID 364620 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 | Independent Houses |
|---|---|
| Location | Industrial Growth Centre Thimmanapalem, Prakasam, Prakasam, Andhra Pradesh |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 24 Sep 2026Auction Notice Published
- 2 Oct 2026Inspection Starts
- 2 Oct 2026Inspection Ends
- 13 Oct 2026Last Date for EMD Submission
- 14 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.