Ibapi bank auction

Prospective buyers may use this portal to search and view details of properties and participate in the auction process.

When a person takes a loan from the bank and is unable to repay the loan, then the situation of auction of the mortgaged property arises. The bank has the right to auction the property to recover the loan. Indian Banks Association IBA , an organisation of banks, had started a portal for auctioned properties. Buyers can use this to find, view, and participate in auction of properties. First of all you have to open the portal by typing ibapi. At the top of the portal, you will see information about upcoming auctions. This will tell you how many properties will be auctioned in the next seven and 30 days and the type of property it is like residential, commercial or industrial.

Ibapi bank auction

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On clicking on the property ibapi bank auction in the search property, you will get details about the property owner, location, auction reserve price and earnest money, possession, ownership type along with photos of the property. Participating Banks. Commercial Properties

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Reserve Price Range. Bank Name:. Branch Name:. Reserve Price Rs:. EMD Rs:. EMD Last Date:.

Ibapi bank auction

Prospective buyers may use this portal to search and view details of properties and participate in the auction process. Residential Properties. Commercial Properties. Industrial Properties. Agricultural Properties. Properties over States. Participating Banks. Auctions:: Search Property. Visitors :

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Indian Banks Association IBA , an organisation of banks, had started a portal for auctioned properties. You can even select the bank. At the top of the portal, you will see information about upcoming auctions. Gm[dot]recovery1[at]ucobank[dot]co[dot]in, Horec[dot]calcutta[at]ucobank[dot]co[dot]in. That too at the desired location. Guidelines for e-Auction Platform. In case of any further information about a specific property, you may contact respective Bank through e-mail. First of all you have to open the portal by typing ibapi. Commercial Properties. Prospective buyers may use this portal to search and view details of properties and participate in the auction process.

Finance Minister Nirmala Sitharaman today launched eBkray, an e-auction platform to enable online auction of attached assets by banks.

Bidder has to complete following formalities well in advance :. When a person takes a loan from the bank and is unable to repay the loan, then the situation of auction of the mortgaged property arises. Properties available at present. Residential Properties. Auctions:: Search Property. Participating Banks 0. Tutorial Video. By registering here, you can bid for your favorite property by depositing Earnest Money Deposit i. You can even select the bank. Where you will get some parameters, after filling which you can get the property of your choice:. Download Money9 App for the latest updates on Personal Finance.