Commercial Building for Auction Narasaraopet Guntur 24.3 Crore by Indian Overseas Bank 07 Jul 2026
Narasaraopet, Guntur
Area: 92892.0 sq. ft.
33rd Block, Old Door No 33-313, New Door No 33-621, S No 152/1, Chilakaluripet Sub District, Palnadu District
Indian Overseas Bank · Regional Office
Reserve price
₹24,27,94,000
EMD ₹2,42,79,400
Auction date
07 Jul 2026, 11:00 AM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 92892.0 sq. ft.
- ▸Locality: Narasaraopet
- ▸Reserve: ₹24,27,94,000
- ▸EMD: ₹2,42,79,400
Auction snapshot
| Possession | Symbolic |
| Property type | Commercial Building · Commercial |
| Locality | Narasaraopet |
| Built-up / plot area | 92892.0 sq. ft. |
| Lender | Indian Overseas Bank |
| Branch | Regional Office |
| Unit / flat no. | Old Door No 33-313, New Door No 33-621, S No 152/1 |
| Floor | Ground Floor to Third Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹1,00,000 |
| Service provider | BAANKNET |
About this property
Commercial Building bank auction in Narasaraopet, Guntur by Indian Overseas Bank — reserve price ₹24,27,94,000, 92892.0 sq. ft., Symbolic possession.
Discover a prime commercial bank auction property: an extensive Commercial Building located in Narasaraopet, Palnadu District, Andhra Pradesh. This impressive property, spanning 92,892 sq. ft. of built-up area across Ground, First, Second, and Third Floors, also includes a site area of 4961 sq. yds. Situated in 33rd Block with New Door No 33-621, S No 152/1, it boasts clear boundaries (North: Vacant Site, South: Thota Nageswararao Site, East: NH No 5 Road, West: Vidadala Lakshmi Narayana Site). Offered by Indian Overseas Bank with a reserve price of ₹24.28 Crores, this investment opportunity is ideal for large businesses or developers. Inspection starts 2026-06-19, with the e-auction on 2026-07-07. Don't miss this significant commercial building for sale.
GeoSquare note: This property represents a prime investment due to its substantial size (92,892 sq. ft. built-up) and strategic location in Narasaraopet, a developing area in Palnadu District. Being a commercial building with multiple floors, it offers high potential for rental income or business operations. The property is under bank possession with no known encumbrances, providing a secure and streamlined acquisition process, despite the high reserve price of ₹24.28 Crores.
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