A bank auction property is approximately cheaper than a market-priced property.
LEGALLY SAFE
A loan is approved by a bank only after all the legal aspects have been verified; a bank auction falls under the SARFAESI Act and the DRT Act, which is legal and safe
CREDIBILITY OF SELLER
The property is being sold by a bank / financial institution that is authorized by the Indian government to sell such properties in a transparent manner.
TIME FRAME:
The entire transaction will be over within a fixed time frame for greater convenience. We will transfer ownership as soon as possible.
Happy Clients
Rahul Sharma
Manager @ MNC
1. During a bank property auction in BankProps, I purchased a flat, and I was pleasantly surprised by the quality of the asset that I received
Kotak Mahindra Bank
Bank Auction Manager
We conducted the auction for our NPAs as we were incapable to give time and resources for the same. We received a great response and got cleared out with all our work!
Tushar Lohia
Manager
I purchased a 2nd house for myself at the auction conducted by BankProps which served quite a good term of service for me