Kovvur Flat Auction: 2 BHK Flat in Sri Lakshmi Ganapathi Square (1,230 sq ft) – Reserve ₹38.7 Lakh (12 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-364892
Property Description
The Kovvur flat auction listed by Canara Bank on the BAANKNET e-auction portal is one of the upcoming flat opportunities in Andhra Pradesh. On offer is a flat in Sri Lakshmi Ganapathi Square in Kovvur, East Godavari (PIN 534350), with 1,230 sq ft built-up and 1,130 sq ft carpet area. The online auction runs on 12 October 2026 (2:00 PM to 4:00 PM) with a reserve price of ₹38,70,000.
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
Kovvur Flat Auction: Key Highlights
- Reserve price: ₹38,70,000 (₹38.7 Lakh)
- EMD: ₹3,87,000
- Bid increment: ₹25,000
- Auction: 12 October 2026, 2:00 PM to 4:00 PM
- Last date for EMD: 12 October 2026, 12:00 PM
- Location: Kovvur, East Godavari, Andhra Pradesh
- Possession: Symbolic
Kovvur Flat Auction – Complete Details
| Auction ID | 364892 |
| Bank property ID | CNRB328738056 |
| Bank | Canara Bank |
| Branch | Vijayawada Specialised Arm Branch |
| Property type | Residential – Flat |
| Project / building | Sri Lakshmi Ganapathi Square |
| Rooms | 2 BHK |
| Built-up area | 1,230 sq ft |
| Carpet area | 1,130 sq ft |
| Locality | Kovvur |
| City / District | Kovvur, East Godavari |
| State | Andhra Pradesh |
| PIN code | 534350 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹38,70,000 |
| EMD | ₹3,87,000 |
| Bid increment | ₹25,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Kovvur
Kovvur is in East Godavari district of Andhra Pradesh, under PIN code 534350. 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 Vijayawada Specialised Arm Branch, which is usually the best contact for site visits and local queries.
Is the Kovvur Flat Auction Worth It?
At the reserve price, the property works out to about ₹3,146 per sq ft of built-up area – compare this with recent resale rates in Kovvur before you bid. The EMD of ₹3,87,000 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. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Kovvur Flat Auction
- Inspection window: 9 October 2026, 11:00 AM to 9 October 2026, 4:00 PM
- EMD submission opens: 24 September 2026
- Last date for EMD: 12 October 2026, 12:00 PM
- E-auction: 12 October 2026, 2:00 PM to 4:00 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 364892 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9032200666.
- Pay the EMD of ₹3,87,000 through the BAANKNET wallet before 12 October 2026, 12:00 PM.
- Log in on 12 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
- Verify the title documents and the society or builder NOC.
- Check pending maintenance, property tax and utility dues.
- Confirm the possession status and whether the flat is occupied.
- Check the approved plan and occupancy certificate for the building.
- Read our tips for buying bank auction flats before you bid.
Kovvur Flat Auction: FAQs
What is the reserve price in the Kovvur flat auction?
The reserve price is ₹38,70,000. Bids below the reserve price are not accepted.
When is the Kovvur flat auction scheduled?
The e-auction is on 12 October 2026 from 2:00 PM to 4:00 PM. The last date for EMD is 12 October 2026, 12:00 PM.
How much EMD is required?
The earnest money deposit is ₹3,87,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Kovvur, East Godavari, Andhra Pradesh – 534350.
Where can I see the official sale notice?
Search Auction ID 364892 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 flat auctions
- Bank auctions in Andhra Pradesh
- Guide: home loan for auction property
Source: Auction ID 364892 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 | Flats & Apartments |
|---|---|
| Built-up Area | 1230 sq ft |
| Location | Kovvur, East Godavari, East Godavari, Andhra Pradesh |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 24 Sep 2026Auction Notice Published
- 9 Oct 2026Inspection Starts
- 9 Oct 2026Inspection Ends
- 12 Oct 2026Last Date for EMD Submission
- 12 Oct 2026, 2:00 PM to 4:00 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.