Want to buy property? SBI auction is here; get your dream house at a discount
Are you looking to buy property? A house or shop at low prices to suit your budget? What about a deal where you can get a home, shop or industrial property at a very low price? Don’t believe this? Well, it is very much possible as SBI e-auction of property is here. Read this space to know more!
Are you looking to buy property? A house or shop at low prices to suit your budget? What about a deal where you can get a home, shop or industrial property at a very low price? Don’t believe this? Well, it is very much possible as SBI e-auction of property is here. Read this space to know more!
The largest state lender in the country – State Bank of India (SBI) is giving an opportunity to own a property at lower rates. But this opportunity is available only up to 30 December 2020. All those who are interested in this offer are required to participate in the auction process.
See Zee Business Live TV Streaming Below:
Why SBI is coming out with this offer?
The state-run bank has come out with this offer as it will be selling properties of those who have taken the loan from the bank but have failed to repay their loans.
Under this auction, the people will have an opportunity to have a go at residential, commercial and industrial properties. The bank is in possession of those properties whose owners have been unable to pay the loans. The bank is auctioning these properties under the e-auctioning process.
The bank is doing this to recover its stuck money with the people who have failed to pay their loans. The bank has given this information through a tweet on its official twitter handle
Under this e-action scheme, you can register to be part of the auctioning process till 30 December. The properties can be purchased at all parts of the country. The SBI undertakes this auctioning from time-to-time. The Bank claims to do this auctioning in a transparent manner.
All details related to the auctioning process and with respect to properties is given on a prior basis.
Before participating in the auctioning process, you can take complete information regarding the property, its location, size and other things. Moreover, the bank appoints one person to take give information with regards to this.
As per the information revealed by the SBI bank, there will be 758 residential properties, 251 commercial properties 98 industrial properties that will be auctioned over the next 6 days.
Meanwhile, SBI will auction 3032 residential properties, 844 commercial properties and 410 industrial properties in the next 30 days.
If you want to the part of process, you will be required to get yourself registered on its official website. You will have to get registered via your email and mobile number.
The applicants will be required complete their Know Your Customer (KYC) formalities.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
Go Digit IPO: Should you subscribe Virat Kohli, Anushka Sharma-backed issue? Here's what Anil Singhvi suggests
Women loco pilots speak about their struggle; many men have to be informed even for 'washroom break' in a moving train
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
Gold and Silver rate today (May 16, 2024): Yellow metal futures subdued; white metal hits record high breaches Rs 87,000 mark
02:36 PM IST