If you are also planning to buy a cheap house or cheap property, you have a good chance. In fact, Punjab National Bank is going to auction the property. It includes both residential, commercial and industrial properties. So at this time you can fulfill the dream of buying your house for less money. Let's say it's the assets that are on the default list. Note that the information has been provided by IBAPI (Indian Banks Auctions Mortgaged Properties Information).
The bank conducts auctions from time to time
Let it be known that property owners have not repaid their loans. For some reason, they have all been occupied by people's land banks. Such assets are auctioned off by banks from time to time. In this auction, the bank sells the property and pays its arrears.
PNB tweeted the information
PNB has informed about this by tweeting on its official Twitter handle. The e-auction of residential and commercial properties will be held on December 29, 2020, the bank said in a tweet. You can buy property here at a reasonable price.
How much is the property
Let us say that there are 3681 residential properties here at present. Apart from this, there are 961 commercial properties, 527 industrial properties and 7 agriculture properties. All these properties will be auctioned by the bank.
Click this link for more information.
For more information about the property auction, you can visit this link https://ibapi.in/. According to the bank, it also gives other information in the public notice submitted for auction, including whether the property is freehold or leasehold, location, size. If you want to buy property through e-auction, then you can go to the bank and get some information about the process and related property. The auction will be processed on December 29.
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