New Delhi: If you are also thinking of buying a house at a lower price than the market, then this is a good opportunity for you. The country’s second largest government bank PNB (PNB) has brought this special offer for you. Punjab National Bank is going to auction the property. Let us tell you that this auction will be on June 15. In this, investors will get residential, commercial, industrial, agricultural properties cheaply. Let me tell you how you can take part in it.
The bank is auctioning those properties which have come in the list of default. Let us tell you that information about this has been given by IBAPI (Indian Banks Auctions Mortgaged Properties Information).
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The bank tweetedPunjab National Bank has informed its customers by tweeting. Wrote in a tweet in PNB that looking to invest in property? So you can participate in mega e-auction on 15 ptv 2021. Residential and commercial properties can be bought cheaply in this auction.
Not all 2021 goals have to wait.Participate in PNB’s Mega e-Auction to get reasonable prices for residential and commercial property.To know more, visit e-Bikray Portal: https://t.co/N1l10rJGGS pic.twitter.com/9P9bgnEz5e
— Punjab National Bank (@pnbindia) June 14, 2021
How many properties are being auctioned?
Let us tell you that at present the bank is auctioning 12865 residential properties. Apart from this, there are 2808 commercial properties, 1403 industrial properties, 101 agricultural properties. All these properties will be auctioned by the bank.
The bidders will have to fulfill these conditions beforehand-
1. Registration – The bidder will have to register on the E-Auction platform using his mobile number and email-id.
2. KYC Verification – After that the bidders should upload the required KYC documents. Let us tell you that the KYC document will be verified by the E-Auction Service Provider. This may take at least two working days.
3. EMD Amount Transfer – After this, you will have to transfer the amount using the challan generated on the E-Auction platform. You can use NEFT / transfer or online / off-line transfer.
4. Bidding Process and Auction Result – The interested registered bidders after completing the first, second and third steps can place bids online on the E-Auction platform,
The bank conducts auctions from time to time
Let us tell you that the owners of the property have not repaid their loan. They have not been able to give for some reason, the land of all those people is taken over by the banks. Such properties are auctioned by banks from time to time. In this auction, the bank recovers its dues by selling the property.
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You can get more information from here
For more information about the property auction, you can visit this link https://ibapi.in/. According to the bank, he also gives other information including freehold or leasehold of the property, location, measurement and other information in the public notice issued for auction. If you want to buy property through e-auction, then you can go to the bank and get any kind of information about the process and related property.