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The auction includes 439 residential plots located in “Prado Venture” at Nandaram village in Balanagar Mandal, Mahabubnagar district. These properties were mortgaged by the borrower M/s Spectra India Housing Private Limited and are being sold through an online auction platform.
Interested buyers, investors, and developers can participate in the APSFC plot auction through the official bank auction portal.
Auction Authority: Andhra Pradesh State Financial Corporation (APSFC)
Borrower: M/s Spectra India Housing Private Limited
Project Name: Prado Venture
Location: Nandaram Village, Balanagar Mandal, Mahabubnagar District, Telangana
Total Plots: 439 residential plots
Auction Mode: Online e-auction
Auction Date: 15 April 2026
Auction Time: 11:30 AM – 12:30 PM
Bid Increment: ₹10,000
Information Portal: https://esfc.telangana.gov.in
The auction will be conducted with 5-minute unlimited auto extension, allowing bidding to continue if new bids are placed near closing time.
All plots included in the auction are situated in Prado Venture, a plotted residential layout located in Nandaram village of Balanagar Mandal in Mahabubnagar district of Telangana.
The plots fall under the following survey numbers:
Survey No. 20
Survey No. 21
Survey No. 22
Survey No. 26
Survey No. 27
Survey No. 28
Survey No. 29
Survey No. 31
Survey No. 32
These plots are part of an approved residential layout with internal roads and various plot sizes.
The auction notice lists properties in two separate sections.
Total plots in Section 1: 265
The second section begins again with serial numbers and runs from 1 to 174, which means:
Total plots in Section 2: 174
| Section | Number of Plots |
|---|---|
| Section 1 | 265 |
| Section 2 | 174 |
| Total | 439 plots |
Thus, APSFC is auctioning 439 residential plots in Prado Venture layout.
The auction includes plots of different sizes suitable for residential construction and investment purposes.
The most common plot size available is:
120 square yards
Other plot sizes listed in the auction include:
139 sq yards
216 sq yards
240 sq yards
253 sq yards
296 sq yards
352 sq yards
394 sq yards
407 sq yards
480 sq yards
Some larger plots also exceed 700 square yards.
Each plot has a specified reserve price and Earnest Money Deposit (EMD). Typical examples include:
| Plot Size | Reserve Price | EMD |
| 120 sq yards | ₹5.94 lakh | ₹0.66 lakh |
| 240 sq yards | ₹11.88 lakh | ₹1.32 lakh |
| 480 sq yards | ₹23.76 lakh | ₹2.64 lakh |
Bank Details for EMD Payment
The Earnest Money Deposit (EMD) must be paid through NEFT or RTGS to the following bank account:
Bank: Canara Bank
Branch: Abids Branch, Hyderabad
Account Number: 30291010006090
IFSC Code: CNRB0013029
Payment Mode: NEFT / RTGS only
Larger plots have proportionately higher reserve prices based on area.
During the online auction, bidders must increase their bids in fixed increments.
Minimum bid increment: ₹10,000
The online auction will be conducted on:
Date: 15 April 2026
Time: 11:30 AM to 12:30 PM
The auction includes a 5-minute auto-extension system, meaning the bidding period will extend automatically if bids are placed close to the closing time.
To participate in the auction, bidders must deposit the required EMD and submit documents before the deadline.
Last Date: 10 April 2026
Time: 5:00 PM
Only bidders who complete these requirements will be allowed to participate in the online bidding process.
The APSFC e-auction will be conducted through the official portal:
www.bankauctions.in
Interested bidders must register on the portal, submit documents, and deposit the EMD before participating in the auction.
Information Portal: https://esfc.telangana.gov.in
Important Conditions for Buyers
The auction notice includes several conditions for participants:
Properties are sold on an “As-Is-Where-Is” and “As-Is-What-Is” basis
Buyers must verify title, layout approval, and encumbrances before bidding
Any existing structures on the plots will be included in the sale
Successful bidders must complete the payment within the timeline specified in the auction rules
APSFC has scheduled a major online auction of 439 residential plots in Prado Venture at Nandaram village in Mahabubnagar district, Telangana.
With reserve prices starting around ₹5.94 lakh for 120 sq yard plots, the auction presents an opportunity for buyers and investors looking for residential land through bank auction.
Interested bidders must submit their EMD before 10 April 2026, while the e-auction will take place on 15 April 2026 via the bankauctions.in portal.
The notice mentions two important dates related to SARFAESI proceedings:
| Action | Date |
|---|---|
| Demand Notice | 04-03-2023 |
| Possession Taken | 26-06-2024 |
These dates show the legal process followed before the auction.
The notice references loan accounts under which the properties were mortgaged, for example:
M/s Spectra India Housing Private Limited
LAC No.: 57-4550-02/03
M/s Specta Developers Company
LAC No.: 57-4567-01
M/s Spectra India Mega Projects Private Limited
LAC No.: 57-4563-01
CONTACT INFORMATION
Designation Authorised Officer, Hyderabad Branch Mobile 94406 41166 Office Address Ground Floor, 5-9-194, Chirag Ali Lane, P.B. No. 165, Hyderabad - 500001 Landline 23204106 Alternate Mobile 9618888491 Fax (040) 23202972 Email hyd-general@tgsfc.in Website https://esfc.telangana.gov.in 9. IMPORTANT NOTES FOR BIDDERS Documentation: E-tender forms, declarations, and e-auction rules are available for download on the official websites.
Many plots show road widths, which helps buyers understand accessibility:
Road widths mentioned include:
33 ft roads
38 ft roads
40 ft roads
60 ft roads
You mentioned it, but the notice clearly states:
5 minute unlimited auto-extension
Meaning:
If a bid is placed in the last 5 minutes, the auction keeps extending.
The notice clearly says:
“All properties will be sold along with any structures constructed thereon.”
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