The country’s largest lender, State Bank of India (SBI), will soon conduct a mega e-auction for mortgage properties. The mortgaged properties that will be sold via the e-auction will include both commercial and residential properties. The e-auction will be held on December 30.
This is good news for people who have been looking to buy a house or invest in a new property. During the mega e-auction, individuals will have the opportunity to bid for residential, commercial and industrial properties. (SBI Net banking)
The bidding price will be lower than the actual market value (SBI Net banking)as all the properties belong to people who defaulted on loans taken from SBI. The bank is now trying to get its money back by auctioning these mortgaged properties. (SBI Net banking)
On Twitter, the State Bank of India (SBI) said, “Looking for properties to invest? ! Register for SBI Mega E-Auction.”
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