Good News! SBI is selling cheap houses, check on which day the auction will take place

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If you are also looking for a cheap house, then tell that SBI is going to auction the property. This auction is starting on 25th October. Let's check the rest of the details...

New Delhi. If you are also planning to buy a cheap house, then the State Bank of India (SBI) has come up with a special offer for you, in which you are getting a chance to buy residential property cheaply. SBI is going to auction the property. Let us tell you that this auction is starting on 25 October. Let us tell you that these are the properties that have come in the list of defaults. Let us tell you that information about this has been given by IBAPI (Indian Banks Auctions Mortgaged Properties Information).

Bank of Baroda is going to auction the property. This includes residential, commercial, industrial, agricultural properties.

When will the auction take place?

State Bank of India (SBI) has given information about this by tweeting on its official Twitter handle. The bank wrote in a tweet that mega e-auction will be done on October 25, 2021. In this, e-auction of residential and commercial property will be done. You can buy property here at reasonable prices.

Where to register?

Interested bidders will have to register on the thee-Bkray portal https://ibapi.in/ for Bank of Baroda Mega E-auction. After clicking on 'Bidders Registration' on this portal, registration will have to be done through a mobile number and email id.

KYC document will be required

The bidder will have to upload the required KYC documents. The KYC documents will be verified by the e-auction service provider. This may take up to 2 working days.

For more information click on this link 

For more information about property auctions you can visit this link https://bank.sbi/web/sbi-in-the-news/auction-notices/bank-e-auctions can visit.

The bank conducts auctions from time to time,

tell the owners of the properties who have not repaid their loans. Couldn't give it for some reason. The land of all those people is taken over by the banks. Such properties are auctioned by banks from time to time. In this auction, the bank recovers its dues by selling the property.