Bank auction properties are available at a value that is 20-25% lower than the market value.
The bank auctions are conducted within the SARFAESI Act and the DRT Act's guidelines. The bank's or financial institution's loan approvals are subject to verification of all legal aspects.
The Government of India has authorised banks and financial institutions, so purchasing such properties is risk-free.
The purchaser will be relieved of the burden of going over the legal responsibilities of the property.
100% transparent and completely secure transaction.
A property's registration usually takes two months.