Auction Bazaar

  In India, an online auction is in its infancy and is developing rapidly in this digitized world. Online auctions assist in buying and selling real estate at advantageous pricing in today's internet-friendly environment. According to a recent study, online auctions have seen a significant increase in participation, with up to 50% more bidders than traditional auctions. “ Source : The online auction market is estimated to grow at a CAGR of 11.35% between 2022 and 2027. The size of the market is forecast to increase by USD 2,506.13 million .” The statistics demonstrate the many benefits of online auctions, including increased participation, faster sales, lower costs, higher conversion rates, and increased transparency. These factors make online auctions attractive for buyers and sellers in today's fast-paced and digital world. Online auctions facilitate faster and more profitable sales that help reduce the steps and outlay involved. Many online portals allow potential b...

  Due to the COVID119 pandemic and consecutive economic crises, many borrowers could not repay the loan on time and were included in the defaulter list. Most cases belong to the home loan department of the public and private sector banks. Mortgages linked to these defaulted loans are possessed by these banks and are sold in e-auctions to recover capital from the market. These financial institutions attract bidders by conducting online auctions and reducing the price of these properties by as much as 15%. Investors in appropriate locations look for such auctioned properties and bid online. “ Source : The global Auction House market size was valued at USD 40323.0 million in 2021 and is expected to expand at a CAGR of 12.79% during the forecast period, reaching USD 83032.0 million by 2027. ” If you are an interested real estate investor, then bank auction houses will be the best bet for better ROI. Here is what you need to focus on to make a successful bank auction property in...

  Time and again, it has been proven multiple times that investing in real estate properties gives one of   the best returns. All you have to do is to arrange finance and invest in value for money properties. Many savvy investors in urban cities, such as Hyderabad, look for bank property auctions conducted online. For starters, there are many advantages of investing in bank properties.   Here is a list of insider tips to invest in a bank auction property in Hyderabad . Insider tips related to bank auction properties 1.             NPAs are increasing, and banks are getting rid of them Loans disbursed by banks get defaulted when the borrowers are unable to repay. The latest report released by the RBI suggests that there are over 17,000 properties mortgaged to bad loans . These properties are non-performing assets (NPAs) for the leading public sector banks. The borrowers failed to repay the loan amount, and ...

  Investing in real estate properties is one of the best ways to make wealth. Over time, the price of a property increases considering its features and location. The only hurdle is the price of a unit is way higher. It merely matches the spending capacity of the majority of investors.   In this aspect, a bank auction property is what savvy investors look for. Public and private banks often sell non-performing assets to recover defaulted loans. To promote this auction, banks usually keep the price of assets lower than the market rates and quickly accomplish the process. If you are an interested buyer, check this list of secrets of successful auction property investment. 1.             Falling gross NPA (GNPA) As per the report from RBI, the GNPA of public sector banks will increase to 9.4% by the end of September 2023 . It was 6.5% in September 2022. Private banks are also facing an increase of GNPA to 4.1%, stipu...