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All auctions / Andhra Pradesh / Machilipatnam

Shops for sale in Machilipatnam

Machilipatnam, Krishna, Andhra Pradesh – 521001

Canara Bank · VIJAYAWADA SPECIALISED ARM BRANCH

Open sale notice (PDF) View on BAANKNET

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Reserve price
₹37,00,000
EMD
₹3,70,000
Bid increment
₹25,000
Area
618 sq ft
Price per sq ft
₹5,987

This is the 6th auction of this property. The last auction had a reserve of ₹37,00,000. Unsold properties usually come back at a lower reserve.

Key dates

  1. Inspect the property26 Oct 2026, 11:00 AM – 26 Oct 2026, 4:00 PM
  2. Pay EMD and submit bid by31 Oct 2026, 12:00 PM
  3. Auction31 Oct 2026, 2:00 PM – 4:00 PM · in 14 days

Auction history

Every auction of this property we have on record
Auction dateReserve priceChangeResult
31 Oct 2026₹37,00,000—Upcoming
29 Jun 2026₹37,00,000-5.1%Closed
13 May 2026₹39,00,000—Closed
6 Apr 2026₹39,00,000-5.0%Closed
5 Mar 2026₹41,06,000—Closed
5 Jan 2026₹41,06,000—Closed

What you'd pay at the reserve price

EMD, before the auction
₹3,70,000
Rest of 25% when you win (same or next day)
₹5,55,000
Balance 75%, usually within 15 days
₹27,75,000
Stamp duty and registration (about 5–8%, varies by state)
₹1.85 L – ₹2.96 L

You may bid above the reserve in steps of ₹25,000. If you lose, the EMD is refunded. Check the notice for exact terms and any dues (society, tax, electricity) the buyer must pay.

Property

Type
Commercial · Shops
Possession
Physical
Auction type
Bank sale (SARFAESI)
Address
Site measuring 618.00 sq.yds along with R.C.C framed single storeyed building and G.I sheet lean to roof shed at D.No.2-409 & 410,R.S.No.296,Gaddi Bazar, Near Gantalamma Temple, Desai pet, Machilipatnam, Krishna district
Borrower
M/s Rama Mohana Fly Ash Bricks

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