New Delhi: Property patrons can look ahead to shopping for property at great costs through the ongoing e-auction of properties by Punjab National Bank (PNB).
Punjab National Bank has additionally knowledgeable through a tweet that the financial institution is going to public sale several types of property. According to the PNB tweet, the public sale will probably be finished on Monday (March 15). The financial institution has knowledgeable concerning the identical by way of commercials in numerous newspapers as effectively. The properties provided by PNB e-auction contains all kinds of properties, housing, residential, business, industrial.
You will not need to miss this!
Grab the opportunity earlier than it slips away. Get affordable costs of residential and business property by way of PNB e-Auction being held on fifteenth March 2021.
To know extra, go to e-Bikray Portal: https://t.co/N1l10s1hyq pic.twitter.com/Jkw8mXiWta
— Punjab National Bank (@pnbindia) March 14, 2021
How to participate for the PNB Mega e-auction of Properties?
The bid for PNB e-auction because the title suggests will probably be utterly on-line. If you additionally need to bid on this digital public sale, then for this you’ve to register first by way of your cell quantity and e-mail ID. After that you should have to add papers for KYC. Once the verification is full, on-line challan will probably be stuffed, solely after which it is possible for you to to bid on-line.
Usually, these properties whose loans couldn’t be repaid i.e. properties on default, are positioned within the public sale by banks. Such properties are auctioned from time to time by banks by way of Indian Banks Auctions Mortgaged Properties Information (IBAPI) portal.
“Indian Banks Auctions Mortgaged Properties Information (IBAPI) portal is an initiative of Indian Banks Association (IBA) under the overarching policy of the Department of Financial Services (DFS), Ministry of Finance to provide a common platform to display details of mortgaged properties to be auctioned online by Banks, starting with Public Sector Banks. Prospective buyers may use this portal to search and view details of properties and participate in the auction process,” the Ibapi web site reads.
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According to the data obtainable on the IBAPI portal, 6,449 residential properties, 1734 business properties, 932 industrial properties, 18 agricultural properties, 30 properties over state can be found. Auction of those properties has been carried out by 12 banks.
