How to Prepare for an E-Auction: A Guide for Bidders
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...