Industrial Park Nemam House Auction 533005: Individual House – Reserve ₹56.25 Lakh (13 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-366142
Property Description
Here is a fresh bank e-auction worth tracking: the Industrial Park Nemam house auction 533005, offered by Union Bank of India at a reserve of ₹56.25 Lakh. On offer is a individual house in Industrial Park Nemam, Kakinada (PIN 533005). The online auction runs on 13 October 2026 (12:00 PM to 5:00 PM) with a reserve price of ₹56,25,000.
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 Park Nemam House Auction 533005: Key Highlights
- Reserve price: ₹56,25,000 (₹56.25 Lakh)
- EMD: ₹5,62,500
- Bid increment: ₹57,000
- Auction: 13 October 2026, 12:00 PM to 5:00 PM
- Last date for EMD: 13 October 2026, 5:00 PM
- Location: Industrial Park Nemam, Kakinada, Andhra Pradesh
- Possession: Symbolic
Industrial Park Nemam House Auction 533005 – Complete Details
| Auction ID | 366142 |
| Bank property ID | UBINVSKARB6179B |
| Bank | Union Bank of India |
| Branch | Asset Recovery Branch, Visakhapatnam |
| Property type | Residential – Individual House |
| Locality | Kakinada |
| City / District | Industrial Park Nemam, Kakinada |
| State | Andhra Pradesh |
| PIN code | 533005 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹56,25,000 |
| EMD | ₹5,62,500 |
| Bid increment | ₹57,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Industrial Park Nemam
This listing falls in Industrial Park Nemam, Kakinada, Andhra Pradesh, postal code 533005. 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 Asset Recovery Branch, Visakhapatnam, which is usually the best contact for site visits and local queries.
Is the Industrial Park Nemam House Auction 533005 Worth It?
The EMD of ₹5,62,500 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. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Industrial Park Nemam House Auction 533005
- EMD submission opens: 28 September 2026
- Last date for EMD: 13 October 2026, 5:00 PM
- E-auction: 13 October 2026, 12:00 PM to 5:00 PM
- Auto-extension: 10 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 366142 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 8967367467.
- Pay the EMD of ₹5,62,500 through the BAANKNET wallet before 13 October 2026, 5:00 PM.
- Log in on 13 October 2026 and bid above the reserve in steps of ₹57,000; each late bid extends the auction by 10 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 Park Nemam House Auction 533005: FAQs
What is the reserve price in the Industrial Park Nemam house auction 533005?
The reserve price is ₹56,25,000. Bids below the reserve price are not accepted.
When is the Industrial Park Nemam house auction 533005 scheduled?
The e-auction is on 13 October 2026 from 12:00 PM to 5:00 PM. The last date for EMD is 13 October 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹5,62,500. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Industrial Park Nemam, Kakinada, Andhra Pradesh – 533005.
Where can I see the official sale notice?
Search Auction ID 366142 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Union Bank and Andhra Pradesh Auctions
- All Union Bank of India auction listings
- More house auctions
- Bank auctions in Andhra Pradesh
- Guide: symbolic vs physical possession explained
Source: Auction ID 366142 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Union 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 Union Bank of India. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Independent Houses |
|---|---|
| Location | Industrial Park Nemam, Kakinada, Kakinada, Andhra Pradesh |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 28 Sep 2026Auction Notice Published
- 13 Oct 2026Last Date for EMD Submission
- 13 Oct 2026, 12:00 PM to 5:00 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.