No Properties Found
We couldn't find any properties matching your selected filters.
A property seized by the bank due to loan default and sold to recover dues.
They are published in newspapers and on the "Property for Auction" section of the bank's website.
Earnest Money Depositāa security deposit (usually 10%) required to participate in a bid.
Submit your request on Bankās website on Property Auction Page. A branch official will call/email you with request to submit your KYC, and pay the EMD.
The minimum price below which the property will not be sold.
Yes, bank provides specific dates for physical inspection.
The bank has legal rights but the borrower may still occupy the property.
The bank has actual, vacant control of the property.
Usually, 25% within 24 hours and the remaining 75% within 15 days.
Yes, 1% TDS if the price exceeds ā¹50 Lakhs.
The prospective purchasers are advised to conduct their due diligence on all aspects related to the property to his/her satisfaction. The prospective purchasers shall not be entitled to make any claim against the Authorised Officer/ Secured Creditor in this regard at a later date.
A "Sale Certificate" will be issued by the Authorized Officer.
Yes, Bharat Bank and other banks offer loans for auction purchases subject to eligibility.
The law under which banks seize and auction properties of defaulters.
Buyers are usually liable for any unpaid property taxes or utility bills unless specified otherwise.
The EMD and any part payment already made will be forfeited by the bank.
Contact the Manager of Recovery Department at 022-61890000.
Only if they pay the entire outstanding amount before the auction date.
Once the sale is confirmed, the borrower's right to redeem the property usually ends.
It is highly recommended to hire a real estate lawyer to verify documents and the chain of title.
Legal Enforcement Contact
Authorised Officer
Grievance & Escalate Redressal Desk
Chief Nodal Officer
