Alternative to purchase home, store or plot in low cost value, SBI public sale on December 30

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If you are thinking of buying a house, shop or plot at a cheaper price, then tomorrow, December 30 is a special opportunity for you. Actually, some properties of the country’s largest public sector bank SBI are going to have a mega e-auction.

Under this, more than 1000 properties will be put up for online auction. These include residential, industrial and commercial properties as well as open plots. Let us know that the bank is going to auction the properties which are in the default list. Meaning that those people who have not paid loans to the bank, have done this property only. The bank will sell it and recover its dues.

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All information about the property has been made public on the SBI website. It is claimed to bring complete transparency in the auction. Earnest money deposit has to be made for mega e-auction. Apart from this, KYC documents have to be deposited in the concerned bank branch.

Let us tell you that SBI auctions such properties from time to time. According to the bank, he also gives information about the freehold or leasehold of the property, location, measurement and other public notice for auction.