Mulaguntapadu Plot Auction 523101: Plot – Reserve ₹5.91 Lakh (13 Oct 2026)

Union Bank of India has put a residential plot up for sale through the Mulaguntapadu plot auction 523101, open to all registered bidders on BAANKNET. On offer is a plot in Mulaguntapadu, Prakasam (PIN 523101). The online auction runs on 13 October 2026 (12:00 PM to 5:00 PM) with a reserve price of ₹5,91,000.

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.

Mulaguntapadu Plot Auction 523101: Key Highlights

• Reserve price: ₹5,91,000 (₹5.91 Lakh)
• EMD: ₹59,100
• Bid increment: ₹5,910
• Auction: 13 October 2026, 12:00 PM to 5:00 PM
• Last date for EMD: 13 October 2026, 12:00 PM
• Location: Mulaguntapadu, Prakasam, Andhra Pradesh
• Possession: Symbolic

Mulaguntapadu Plot Auction 523101 – Complete Details

Auction ID	366266
Bank property ID	UBINVJWONG0828
Bank	Union Bank of India
Branch	Singarayakonda
Property type	Residential – Plot
City / District	Mulaguntapadu, Prakasam
State	Andhra Pradesh
PIN code	523101
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹5,91,000
EMD	₹59,100
Bid increment	₹5,910
Auto-extension	10 minutes per late bid

About the Location – Mulaguntapadu

This listing falls in Mulaguntapadu, Prakasam, Andhra Pradesh, postal code 523101. 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 Singarayakonda, which is usually the best contact for site visits and local queries.

Is the Mulaguntapadu Plot Auction 523101 Worth It?

The EMD of ₹59,100 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 Mulaguntapadu Plot Auction 523101

• Inspection window: 12 October 2026, 12:00 PM to 12 October 2026, 5:00 PM
• EMD submission opens: 28 September 2026
• Last date for EMD: 13 October 2026, 12:00 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

1. Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
2. Search for Auction ID 366266 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9853143606.
4. Pay the EMD of ₹59,100 through the BAANKNET wallet before 13 October 2026, 12:00 PM.
5. Log in on 13 October 2026 and bid above the reserve in steps of ₹5,910; 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 chain.
• Confirm land use or zoning and road access on site.
• Check the survey sketch, boundaries and any encroachment.
• Verify that property tax and other local dues are clear.
• Read our auction property due diligence checklist before you bid.

Mulaguntapadu Plot Auction 523101: FAQs

More Union Bank and Andhra Pradesh Auctions

• All Union Bank of India auction listings
• More residential plot auctions
• Bank auctions in Andhra Pradesh
• Guide: reserve price bidding strategy

Source: Auction ID 366266 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.