new Delhi. Before the end of 2020, if you are thinking of buying a cheap house or property, then SBI is giving you this opportunity. Actually, the State Bank of India will start the Mega Auction (SBI Mega e-auction) on December 30. The default properties will be auctioned in this. In such a situation, you can buy a house or shop etc. at a low price. To join the auction and bid, the applicant must have some documents. So let’s know the process of this
Information has also been given by tweeting on behalf of State Bank of India. Interested investors can register by visiting the official website of the bank. You can also get detailed information by clicking on the link https://bit.ly/2HeLyn0. The bank will auction the mortgage property of loan defaulters of this e-auction. For this, advertisements have been published in major newspapers along with Facebook, Twitter, Instagram etc. Be aware that a default property is a property in which the real owner of the property has not paid his loan. In such a situation, the bank seizes that property and sells them to make up for the loss.
These documents will be needed
1.In auction the price of the property will be less than the actual market price. During the mega e-auction, the bidder will have the opportunity to purchase residential, commercial and industrial properties.
2. If someone buys the property, the person will have to submit their KYC related documents to the bank branch. Apart from this, EMD will be required for the property.
3. The bidder can contact the e-auctioneer or any other authorized agency to get the digital signature.
4. After submitting EMD and KYC documents of the bidder to the bank branch, they will be sent the registered login ID and password by e-auctioners through email ID.