Business & Investment

Want to buy real estate? Click here for the SBI auction.Check out the full details

Want to buy a property at a low price to fit your budget? What about deals where you can get a home or commercial real estate at a very low price? Don’t you believe this? Well, it’s very possible because the SBI electronic auction of real estate is here.

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The State Bank of India (SBI), India’s largest lender, is giving the opportunity to own real estate at a rate lower than the market price through the mega e-auction on October 25, 2021.

The state bank has made this offer to sell the assets of people who have received loans from the bank but failed to repay.

“Bid from your home! Take part in an electronic auction and make the best bid,” the bank said in a tweet. Check this link for more information on the auction process and properties – https://bank.sbi/web/sbi-in-the-news/auction-notices/bank-e-auctions

Before you participate in the auction, you can find complete information about the property, location, size, etc. on our website. To facilitate a smooth auction process, the bank appoints one person to provide prospective bidders with complete information about the property.

According to banks, e-auctions are conducted in a transparent manner, following all necessary guidelines.

“We SBI have been mortgaged to the bank / attached by court order by providing all relevant information that could be a compelling offer for bidders to participate in the auction. There is a great deal of transparency in auctioning real estate, “says the bank. That website.

Requirements for participating in electronic auctions

EMD (Earnest Money Deposit) of a specific property listed in the e-Auction Notice.

KYC Document-Submitted to the relevant branch office.

Valid Digital Signatures-Bidders can contact an electronic auctioneer or other authorized agency to obtain a digital signature.

Login ID and Password – After submitting the KYC document to the relevant branch office with the EMD deposit, the auctioneer will send it to the bidder’s email ID.

Bidder will log in and bid during the auction time on the e-auction date in accordance with the auction rules.



Want to buy real estate? Click here for the SBI auction.Check out the full details

https://www.zeebiz.com/personal-finance/news-want-to-buy-property-sbi-auction-is-here-check-the-complete-details-167981 Want to buy real estate? Click here for the SBI auction.Check out the full details

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