Auction Bazaar

  One of the easiest ways to find and acquire authentic commercial real estate properties for investment or business use is to participate in bank auctions. The banks conduct such auctions to recover capital from the market by selling non-performing assets (NPAs). Source: Statista Research Department “ The market size of the real estate industry in India was valued at around 120 billion U.S. dollars in 2017 and is estimated to reach one trillion dollars by 2030. In 2022, over 2.5 billion U.S. dollars’ worth of investments were expected in this sector across the country.” These assets are kept as mortgages to get loans from banks and financial institutions. When borrowers cannot pay back the loan amount, they are considered defaulters, and the lender becomes the owner of the mortgage assets as per the SARFAESI Act, 2002. The bank then conducts a property or land auction to attract potential buyers. Tips for buying auction properties Buying commercial properties has i...

Imagine looking for a residential property in a preferred location in a city. You get to know that a bank is selling its non-performing assets (NPAs) or mortgaged assets at a price lower than the market. The bank already authenticates the property. How excellent can this way of investing in real estate be? Source: (technavio.com) “ The online auction market share is expected to increase by USD 1.90 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.7%. ” Previously, banks and financial institutions often conducted auctions physically, and the information with all the details used to come in the newspaper. These days, an E-auction portal spreads the news to interested buyers throughout the country. Hence, seeking information related to property auctions has become much more manageable. Why are E-auctions a growing trend? An e-auction is a process conducted in a digital portal where the auctioneers enlist the assets for online b...

Banks and financial institutions construct financial tools to help people with monetary resources. Such financial tools often come with mortgage plans to secure the money disbursed to a borrower by a lender. In certain circumstances, it seldom happens that a borrower fails to pay back the loan amount and is considered a defaulter. The banks use mortgaged properties as capital recovery tools. They are auctioned in the market to attract interested buyers. If you are interested in buying authentic and profitable bank auction properties for sale , follow the simple guidelines described below. Guide to bank auction property buying The digitization of the auctions of non-performing assets (NPAs) has made it easier for interested buyers like you. Previously, one has to enter and scout the websites of the asset reconstruction companies (ARCs) and check for promising properties to be auctioned. Now is the time when you can only focus on the digital portals that cater to delivering t...

India's banking and financial sector is the prime pillar of our economy. It is taking unprecedented steps to make India a strong economy and establish it on the world map. The banks and financial companies are strengthening our country by providing financial support to the people. In some cases, borrowers who seek financial assistance from the banks fail to pay back the loan amount, causing a massive gap in the capital gained and lost in the market. The recovery of defaulting loans became an enormous issue for financial institutions and banks. To overcome this situation and to recover loans, the SARFAESI Act got constituted.   Let us understand this Act in detail. The main goal of this Act is to make a rapid recovery for NPAs. It also lets banks or financial organizations auction the borrowers' acquisitions if they fail in loan repayment. What is SARFAESI Act 2002? The Andhyarujina Committee and Narasimhan Committee I and II were the ones to construct this act. The ...