Punjab National Bank (PNB) is going to auction the defaulted property on June 15. During this time, houses, shops etc. can be bought at low prices. If you are also thinking of buying land then this is the best opportunity.
New Delhi: Punjab National Bank (PNB) has come up with a special offer for those who want to buy a house at cheap prices. While issuing a new notification, the bank said that, ‘12865 houses, commercial, industrial and agricultural land will be auctioned at cheap prices on June 15.’ In such a situation, if you are also thinking of buying a new house, then you can also participate in this auction. Let’s know how.
PNB tweeted this information
PNB tweeted from its official Twitter handle and said, ‘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. When further information was sought from the bank about this, he told that at present the bank is auctioning 12865 residential properties. Apart from this, there are 2808 commercial properties, 1403 industrial properties, 101 agricultural properties. Due to being in the list of default, all these properties will be auctioned by the bank.
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
What does ‘default property’ mean?
The land of all those people who have not repaid their loan, or have not been able to give it due to any reason, the bank takes possession of the property. After this, such properties are auctioned from time to time by the banks. In this auction, the bank recovers its dues by selling the property, and after clearing the dues, hands over the remaining amount to the family.
The bidders will have to agree to these conditions-
1. The bidder will have to register on the E-Auction platform using his mobile number and email-id.
2. Thereafter, the bidder has to upload the required KYC documents. The KYC document will be verified by the E-Auction Service Provider. This may take at least two working days.
3. Now you 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. Interested registered bidders can place bid online on the E-Auction platform after completing Phase I, II and III.
This is how you can extract property information
According to the bank, other information including freehold or leasehold, location, measurement of the property to be auctioned is made public through a public notice. But 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. Or you can visit this link https://ibapi.in/ for more information about the property auction .
