Nellore Flat Auction 524001: Flat – Reserve ₹25 Lakh (15 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-361156
Property Description
Punjab National Bank has put a flat up for sale through the Nellore flat auction 524001, open to all registered bidders on BAANKNET. On offer is a flat in Nellore, Sri Potti Sriramulu Nellore (PIN 524001). The online auction runs on 15 October 2026 (10:00 AM to 4:00 PM) with a reserve price of ₹25,00,000.
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
Nellore Flat Auction 524001: Key Highlights
- Reserve price: ₹25,00,000 (₹25 Lakh)
- EMD: ₹2,50,000
- Bid increment: ₹50,000
- Auction: 15 October 2026, 10:00 AM to 4:00 PM
- Last date for EMD: 15 October 2026, 3:00 PM
- Location: Nellore, Sri Potti Sriramulu Nellore, Andhra Pradesh
- Possession: Symbolic
Nellore Flat Auction 524001 – Complete Details
| Auction ID | 361156 |
| Bank property ID | PUNBGC262641000 |
| Bank | Punjab National Bank |
| Branch | Armb Vijaywada833200 |
| Property type | Residential – Flat |
| City / District | Nellore, Sri Potti Sriramulu Nellore |
| State | Andhra Pradesh |
| PIN code | 524001 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹25,00,000 |
| EMD | ₹2,50,000 |
| Bid increment | ₹50,000 |
| Auto-extension | 30 minutes per late bid |
About the Location – Nellore
The property is located in Nellore, Sri Potti Sriramulu Nellore district, Andhra Pradesh (PIN 524001). 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 Armb Vijaywada833200, which is usually the best contact for site visits and local queries.
Is the Nellore Flat Auction 524001 Worth It?
The EMD of ₹2,50,000 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 Nellore Flat Auction 524001
- EMD submission opens: 16 September 2026
- Last date for EMD: 15 October 2026, 3:00 PM
- E-auction: 15 October 2026, 10:00 AM to 4:00 PM
- Auto-extension: 30 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 361156 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9962572153.
- Pay the EMD of ₹2,50,000 through the BAANKNET wallet before 15 October 2026, 3:00 PM.
- Log in on 15 October 2026 and bid above the reserve in steps of ₹50,000; each late bid extends the auction by 30 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.
Nellore Flat Auction 524001: FAQs
What is the reserve price in the Nellore flat auction 524001?
The reserve price is ₹25,00,000. Bids below the reserve price are not accepted.
When is the Nellore flat auction 524001 scheduled?
The e-auction is on 15 October 2026 from 10:00 AM to 4:00 PM. The last date for EMD is 15 October 2026, 3:00 PM.
How much EMD is required?
The earnest money deposit is ₹2,50,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Nellore, Sri Potti Sriramulu Nellore, Andhra Pradesh – 524001.
Where can I see the official sale notice?
Search Auction ID 361156 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More PNB and Andhra Pradesh Auctions
- All Punjab National Bank auction listings
- More flat auctions
- Bank auctions in Andhra Pradesh
- Guide: home loan for auction property
Source: Auction ID 361156 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Punjab National 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 Punjab National Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Flats & Apartments |
|---|---|
| Location | Nellore, Sri Potti Sriramulu Nellore, Sri Potti Sriramulu Nellore, Andhra Pradesh |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 16 Sep 2026Auction Notice Published
- 16 Sep 2026Inspection Ends
- 15 Oct 2026Last Date for EMD Submission
- 15 Oct 2026, 10:00 AM 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.