Industrial Park Nemam House Auction: Individual House (1,064 sq ft) – Reserve ₹39.82 Lakh (8 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-362256
Property Description
Here is a fresh bank e-auction worth tracking: the Industrial Park Nemam house auction, offered by Canara Bank at a reserve of ₹39.82 Lakh. On offer is a individual house in Industrial Park Nemam, Kakinada (PIN 533005), with 1,064 sq ft carpet area. The online auction runs on 8 October 2026 (1:00 PM to 2:00 PM) with a reserve price of ₹39,82,000.
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: Key Highlights
- Reserve price: ₹39,82,000 (₹39.82 Lakh)
- EMD: ₹3,98,200
- Bid increment: ₹25,000
- Auction: 8 October 2026, 1:00 PM to 2:00 PM
- Last date for EMD: 8 October 2026, 1:50 PM
- Location: Industrial Park Nemam, Kakinada, Andhra Pradesh
- Possession: Symbolic
Industrial Park Nemam House Auction – Complete Details
| Auction ID | 362256 |
| Bank property ID | CNRB13591VISWA |
| Bank | Canara Bank |
| Branch | Specialized Arm Branch Visakhapatnam-Ii |
| Property type | Residential – Individual House |
| Carpet area | 1,064 sq ft |
| 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 | ₹39,82,000 |
| EMD | ₹3,98,200 |
| Bid increment | ₹25,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Industrial Park Nemam
The property is located in Industrial Park Nemam, Kakinada district, Andhra Pradesh (PIN 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 Specialized Arm Branch Visakhapatnam-Ii, which is usually the best contact for site visits and local queries.
Is the Industrial Park Nemam House Auction Worth It?
At the reserve price, the property works out to about ₹3,742 per sq ft of carpet area – compare this with recent resale rates in Industrial Park Nemam before you bid. The EMD of ₹3,98,200 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 Park Nemam House Auction
- Inspection window: 3 October 2026, 10:00 AM to 3 October 2026, 6:00 PM
- EMD submission opens: 23 September 2026
- Last date for EMD: 8 October 2026, 1:50 PM
- E-auction: 8 October 2026, 1:00 PM to 2:00 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 362256 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9618359294.
- Pay the EMD of ₹3,98,200 through the BAANKNET wallet before 8 October 2026, 1:50 PM.
- Log in on 8 October 2026 and bid above the reserve in steps of ₹25,000; 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 Park Nemam House Auction: FAQs
What is the reserve price in the Industrial Park Nemam house auction?
The reserve price is ₹39,82,000. Bids below the reserve price are not accepted.
When is the Industrial Park Nemam house auction scheduled?
The e-auction is on 8 October 2026 from 1:00 PM to 2:00 PM. The last date for EMD is 8 October 2026, 1:50 PM.
How much EMD is required?
The earnest money deposit is ₹3,98,200. 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 362256 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 362256 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 |
|---|---|
| Land Area | 1064 sq ft |
| Location | Industrial Park Nemam, Kakinada, Kakinada, Andhra Pradesh |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 23 Sep 2026Auction Notice Published
- 3 Oct 2026Inspection Starts
- 3 Oct 2026Inspection Ends
- 8 Oct 2026Last Date for EMD Submission
- 8 Oct 2026, 1:00 PM to 2:00 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.