Over 1,000 commercial, residential properties on sale


over 1,000 commercial, residential properties on sale; how to participate

New Delhi: State Bank of India (SBI), India’s largest bank by customers, is coming up with a real estate e-Auction on Wednesday, February 27, 2019, under which the Mumbai-based bank will be offering more than 1,000 commercial and residential properties for sale.

According to State Bank of India (SBI), the residential and commercial properties of the defaulters which have been mortgaged will be up for bidding by the bank to recover the bank dues and with regard to SBI real estate auction, the State Bank of India has published advertisement in newspapers and on social media (Facebook, Twitter, Instagram).

“We at SBI are very transparent when putting immovable properties, mortgaged with the bank / attached by court order to auction, by furnishing all the relevant details that can make it an attractive proposition for bidders to participate in the auctions. We also incorporate all relevant details and state whether the same is freehold or leasehold, give its measurement, location etc., including other relevant details in the public notices issued for auctioning,” SBI wrote on its website.

“The exclusive SBI Mega E-Auction is coming to you on 27th Feb, 2019 and offers eligible bidders a wide range of over a 1000 residential and commercial properties across the country,” SBI said in a tweet.

The details of properties put up for e-auctions may be accessed through these links and prospective buyers may approach the designated contact person for auction at the bank branches for any clarification regarding the auction process and may inspect the properties of their interest, SBI said.