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Services

What is Bank Auction property

The Bank will commit for sale of the property of the Default Borrowers as per provision of SARFAESI ACT 2002 (Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002), DRT (Debts Recovery Tribunal) and NCLT (National Company Law Tribunal), ARC (Asset Reconstruction Company)

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Advantages

PRICE ADVANTAGE: Approximately 15 – 40 % cheaper than the market price

LEGALLY SAFE: Since Banks / Financial Institutions have given loans after verification of all the legal aspects only, these are 50 % legally safe

CREDIBILITY OF SELLER You are buying from a Bank / Financial institution which is authorized

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Bank Auction Properties

(Under Sarfaesi Act And The Security Interest Enforcement Rules, 2002

Drafting and servicing the notices as prescribed under the SARFAESI Act and Rules i.e.demand notice under section 13(2); notice for symbolic possession of the secured assets; notice for physical possession; notice for sale of secured assets

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Our Services in the purchase of the property

We identify a suitable property as per the customer’s requirement. Advice buyers in market trends.

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Our Charges

Buyers who are interested to buy the property should strictly sign in the MOU form (Memorandum Of Understanding)

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