If you are also planning to buy a new and cheaper house, then you have a good chance. The country’s largest state-run bank SBI (State Bank of India) is auctioning properties. This mega auction (e-auction) will be done from March 5.
The default property is auctioned
Let me tell you that the property owner has not paid their loan. For some reason, they have not been able to give the land of all those people are taken over by the banks. SBI keeps auctioning such properties from time to time. In this auction, the bank sells the property to recover its outstanding balance.
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For more information about the property to be auctioned, you can visit this link https://www.bankeauctions.com/Sbi. Here you will get the complete details of the property. Apart from this, you can also get information about the property through this link https://ibapi.in/.
Let us tell you that these properties are in different cities of the country, then you can bid for it according to your location. On this website, you have also been put a reserve price for the property. The auction process will start from March 5.
You can also contact these numbers
Helpline number- (033-40602403 / 40067351/40628253/40645316/40645207/40609118) has also been issued by SBI. If any kind of information is needed, it can be contacted here.
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According to the bank, he also gives information about the freehold or leasehold of the property, location, measurements and other information in the public notice issued for the auction. If you want to buy property through e-auction, then you can go to the bank and get any information about the process and related property.