Visakhapatnam Industrial Shed Auction 530003: Industrial Shed (1,983.33 sq ft) – Reserve ₹94.77 Lakh (8 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-351442
Property Description
Looking for a industrial shed below market price in Visakhapatnam? The Visakhapatnam industrial shed auction 530003 by Canara Bank is scheduled for 8 Oct 2026. On offer is a industrial shed in Visakhapatnam (PIN 530003), with 1,983.33 sq ft carpet area. The online auction runs on 8 October 2026 (1:00 PM to 2:00 PM) with a reserve price of ₹94,77,000.
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
Visakhapatnam Industrial Shed Auction 530003: Key Highlights
- Reserve price: ₹94,77,000 (₹94.77 Lakh)
- EMD: ₹9,47,700
- Bid increment: ₹50,000
- Auction: 8 October 2026, 1:00 PM to 2:00 PM
- Last date for EMD: 8 October 2026, 1:50 PM
- Location: Visakhapatnam, Andhra Pradesh
- Possession: Symbolic
Visakhapatnam Industrial Shed Auction 530003 – Complete Details
| Auction ID | 351442 |
| Bank property ID | CNRB13591SRISATYASURYA |
| Bank | Canara Bank |
| Branch | Specialized Arm Branch Visakhapatnam-Ii |
| Property type | Industrial – Industrial Shed |
| Carpet area | 1,983.33 sq ft |
| Locality | Sabbavaram |
| City / District | Visakhapatnam |
| State | Andhra Pradesh |
| PIN code | 530003 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹94,77,000 |
| EMD | ₹9,47,700 |
| Bid increment | ₹50,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Visakhapatnam
This listing falls in Visakhapatnam, Andhra Pradesh, postal code 530003. 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 Visakhapatnam Industrial Shed Auction 530003 Worth It?
At the reserve price, the property works out to about ₹4,778 per sq ft of carpet area – compare this with recent resale rates in Visakhapatnam before you bid. The EMD of ₹9,47,700 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 Visakhapatnam Industrial Shed Auction 530003
- Inspection window: 30 September 2026, 10:00 AM to 30 September 2026, 4:00 PM
- EMD submission opens: 27 August 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 351442 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 ₹9,47,700 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 ₹50,000; 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
- Check whether the plot is freehold or leasehold (MIDC/SIDCO/KIADB etc.) and the transfer charges.
- Inspect machinery, if included, and confirm the inventory.
- Verify pollution, fire and factory licence requirements.
- Check pending electricity, water and statutory dues.
- Read our warehouse and godown buying guide before you bid.
Visakhapatnam Industrial Shed Auction 530003: FAQs
What is the reserve price in the Visakhapatnam industrial shed auction 530003?
The reserve price is ₹94,77,000. Bids below the reserve price are not accepted.
When is the Visakhapatnam industrial shed auction 530003 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 ₹9,47,700. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Visakhapatnam, Andhra Pradesh – 530003.
Where can I see the official sale notice?
Search Auction ID 351442 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 industrial shed auctions
- Bank auctions in Andhra Pradesh
- Guide: finance options for commercial auctions
Source: Auction ID 351442 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 | Industrial Sheds |
|---|---|
| Land Area | 1983.33 sq ft |
| Location | Visakhapatnam, Visakhapatnam, Andhra Pradesh |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 27 Aug 2026Auction Notice Published
- 30 Sep 2026Inspection Starts
- 30 Sep 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.