The Secrets of Successful Bank Auction Property Investme
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...