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Showing posts with the label auction- house'#bank-of-india-eauction

Top Tips for Successfully Bidding on Bank Land Auctions

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  Bank land auctions can be an excellent way to acquire valuable land at a fair price. However, bidding on bank land auctions can be a complex process, and if you're not careful, you could end up overpaying or missing out on the opportunity altogether.     This blog post will provide tips for successfully bidding on bank land auctions.   1.       Do Your Research Before bidding on any bank land auction, it is essential to do your research. Start by discovering as much as possible about the land you are interested in, including its location, size, zoning, and applicable restrictions or regulations. This information can help you determine the true value of the land and how much you should be willing to bid.   2.       Attend Pre-Auction Inspections Most bank land auctions will allow you to attend pre-auction inspections. These inspections will allow you to see the land and assess its condition. Yo...

How to Participate for an E Auction: A Beginner's Guide

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  E-auctions have become increasingly popular as a quick and easy way to buy and sell goods and services online. With the rise of e-auction portals, it has become easier than ever to participate in e-auctions. 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%, stipulated by RBI within this timeline. If you are new to e-auctions and want to participate in one, this beginner's guide will help you get started. Step 1: Choose an E-Auction Portal The first step is to choose the Auction Bazaar e-auction portal. Auction Bazaar is an online marketplace selling distressed properties, including NPA bank auction properties. The platform offers a wide range of residential, commercial, and industrial properties, all at affordable prices. Step 2: Register on the E-Auction Portal Once you have chosen an e-auction portal, the next...