Buy your dream house! SBI Mega E-Auction nears, over 1000 residential, commercial properties on offer - all details here

SBI says, "We at SBI are very transparent when putting immovable properties, mortgaged with the Bank / attached by Court order to auction, by furnishing all the relevant details that can make it an attractive proposition for bidders to participate in the auctions."

State Bank of India (SBI) is once again releasing its mega auction where over 1000 residential and commercial properties will be available for purchase. Photo: Pixabay

In a major good news to homebuyers, the largest lender State Bank of India (SBI) is once again hosting a mega auction where over 1000 residential and commercial properties will be available for purchase. SBI's Mega E-Auction will commence on February 27, where the lender will put up the mortgage properties (like Residential properties / Commercial properties etc.) of defaulters to recover the Bank dues. SBI on its official Twitter account said, "The exclusive SBI Mega E-Auction is coming to you on 27th Feb, 2019 and offers eligible bidders a wide range of over a 1000 residential and commercial properties across the country."

"We at SBI are very transparent when putting immovable properties, mortgaged with the Bank / attached by Court order to auction, by furnishing all the relevant details that can make it an attractive proposition for bidders to participate in the auctions," it said.

The exclusive SBI Mega E-Auction is coming to you on 27th Feb, 2019 and offers eligible bidders a wide range of over a 1000 residential and commercial properties across the country. For more details, visit https://t.co/ay2Za3BBlt #SBIAuction #RealEstate #Residential #Commercial pic.twitter.com/4FuPbo8wwn

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— State Bank of India (@TheOfficialSBI) February 18, 2019

Details of such properties put up for e-auctions may be accessed through the links provided in the advertisement.

Requirements for participating in e-Auction

EMD for the particular property as mentioned in the e-Auction notice.
KYC Documents - to be submitted to the concerned Branch.
Valid Digital Signature -Bidders may approach e-auctioneers or any other authorised agency to obtain digital signature.
Login Id and Password– Will be sent to the email id of the bidders by e-auctioneers after the deposit of EMD and submission of KYC documents to the concerned branch
Bidders to login and bid during the auction hours on the date of e-Auction as per auction rules.

To know the details of properties offered under this e-auction visit the website www.bankeauctions.com/Sbi.

There is designated contact person also for auction at the Branches whom prospective Buyers may approach to for any clarification regarding the auction process and the property he /she is interested in and may inspect the properties of their interest.

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