New Delhi: Bank of Baroda (BoB) is going to host a mega e-auction of properties across India on September 8, 2021.
During the mega e-auction of properties to be launched by Bank of Baroda, potential buyers and customers can fulfill their dream of buying property across India which includes houses, flats, office space, land/plots and industrial properties. .
Bank of Baroda has mentioned that the properties have a clear title and are available for immediate possession. Bob said that customers can also get bank loans on easy terms.
Bank of Baroda states that the details of properties displayed through the link are intended to provide a comprehensive understanding of the properties which are scheduled for mega e-auction on 08 September 2021. The exact details and correctness of the information should be verified for each property. Potential buyer independently through the branch/authorized officer of the bank and at his own source.
For detailed terms and conditions of sale, customers or potential buyers should refer to the sale e-auction notice and terms and conditions for each property. Auction Information and Terms & Conditions are available at https://ibapi.in or website of banks https://www.bankofbaroda.in . BoB states that the information displayed in the link does not constitute any commitment or any representation on the part of the Bank/Authorised Officer.
Usually, the properties whose loans cannot be repaid, ie, properties in default, are put up for auction by banks. Such properties are auctioned by banks from time to time through the Information on Auction Pledged Properties of Indian Banks (IBAPI) portal.
“Indian Bank Auction Pledged Property Information (IBAPI) Portal is an initiative of Indian Banks’ Association (IBA) to display details of mortgaged properties under the comprehensive policy of Department of Financial Services (DFS), Ministry of Finance Provides a common platform. Starting from Public Sector Banks to be auctioned online by banks. Potential buyers can use this portal to search and view the details of properties and participate in the auction process,” the Ibapi website reads. .
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