The default property is auctioned
Let me tell you that the property owner has not paid their loan. For some reason they have not been able to give the land of all those people are taken over by the banks. SBI keeps auctioning such properties from time to time. In this auction, the bank collects its outstanding amount by selling the property.
State Bank of India has given information about this by tweeting. The bank has written in the tweet that are you also searching for property to invest? If so, you can register in SBI e-auction. Click this link https://bit.ly/2HeLyn0 for more information.
– State Bank of India (@TheOfficialSBI) December 19, 2020
Auction to be held in the coming days-
In the next 7 days – 758 (Residential) 251 (Commercial) 98 (Industrial)
In the next 30 days – 3032 (Residential) 844 (Commercial) 410 (Industrial)
For more information about SBI Auction, you can visit these links-
>> ibapi.in; and
According to the bank, he also gives information about the freehold or leasehold of the property, location, measurement and other information in the public notice issued for the auction. If you want to buy property through e-auction, then you can go to the bank and get any information about the process and related property. The auction process will be done on 30 December.