How to buy cheaper property through auction
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Will get a chance to buy these properties
According to the report, the target of the banks is to conduct e-auction of more than five lakh properties through the app in the next five years. The app will serve as a repository for all information, data and documents. Through this app, people will get a chance to buy property easily. These are the properties that have been attached due to non-payment of loans and other reasons. These properties will be auctioned through E-Auction.
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people will be at ease
Explain that in the year 2019, under the Indian Banks Association, a portal eBkray has been launched by banks for online auction of attached properties. The portal provides navigational links to Public Sector Banks (PSB) e-auction sites and property search. On this, information about property e-auction of all banks is available. It shows complete details of the property being auctioned along with videos and photos. Now PSB Alliance is going to develop a new app. It will be more advanced and better than the old one. With this, banks will be able to auction the property easily. At the same time, people will also get a chance to buy property at an affordable rate.
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