Banks are auctioning off, apartments, houses and shops are available in their city for less than half the price - @dBreakings

It is everyone’s dream to buy their own home, but only a select few can achieve it. However, if a smart approach is taken, the house can be up to 35% cheaper. You may not know that the bank auctions thousands of apartments or houses every year.

Opportunity to buy a house in three states including Delhi

With the rise of electronic auctions, this process of auctioning goods continues almost every day and throughout the year. Let us tell you that the Indian Overseas Bank started the auction process by taking possession of the properties of the people who failed to repay the loan. Land and apartments will be auctioned by the bank in 3 states including Delhi.

The houses will be available at favorable rates

Anyone can participate in this electronic auction process. The interesting thing is that the reserve price of these properties is Rs 10-25 lakh. Anyone can place their bid in this auction with just a 10% cash deposit. Real estate auction business expert and lawyer Amit Mishra says the most important thing in this case is to understand the date of the auction and its entire process. Because there are over 50,000 home auctions in the country every year, people can get a good home for cheap.

Get flat for 20 lakhs

Indian Overseas Bank is organizing the auction of a DDA apartment in Narela, Delhi. The area of ​​this apartment located in sector B-2 is 452 square feet. The reserve price of Free Hold LIG Flat has been kept at Rs 19.71 lakh. Its auction will take place on July 27 from 11 a.m. to 1 p.m. If you wish to participate in the auction, you must apply before July 26 at 5 p.m.

A house is auctioned by Indian Overseas Bank in Mauja Aliganj, Bhogal, Jangpura. This is a basement, the size of which is 52.5 square meters. Its reserve price has been kept at Rs 16.60 lakh. You must bid at least Rs 50,000 more and the security deposit is Rs 1.70 lakh.

If you wish to participate in the auction, you must submit the application online before July 26. The auctions will take place on July 27 between 11 p.m. and 1 p.m. If you wish to bid, you must submit it on the bank’s site.

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