Introduction
Benefits of Auction assets:
- Auction properties are normally available at 20-30% lower price than the market price
- Most of the auction properties are ready to occupy. Unlike new properties where you have to rely on builder to complete the construction. And most of the time there is delay in project completion.
- The auction properties are sometimes located in prominent locations with easy accesibility which might not be the case of newly constructed properties.
- The title of auction properties is clear and safe as the same is verified thoroughly by the bank empanelled lawyers at the time of lending and also at the time of auction.
- The sale process of auction properties is transparent and upon payment all the link documents are handed over across the table upon payment. The same may not always be true in case of dealing with individuals.
LEADERSHIP TEAM
Dr Johnson Menezes
Johnson, is a banking professional with two decades of corporate experience. Having worked from Retail, SME, Corporate, Investment and Merchant Banking and spanning from Sales, Credit to Collection, he has a 360 degree approach to banking and finance.
Being an MBA in Finance (JBIMS), a Law Graduate, with JAIIB and CAIIB certifications, Johnson has over two decades of customer facing banking experience. He is a lifelong learner and has just completed his Doctorate (PhD) in April 2022. His fascination and excitement is towards being ‘solution oriented’ and that has shaped his overall career.
With rich corporate experience of 23 years as an all-round banking professional, which included heading branches at multiple places, Johnson quit his last assignment as a National Head – Legal Mortgage Collections, with the top Indian Multinational Bank so as to pursue his passion.
He is now a subject matter expert in domains related to Auction Properties, Home Loans, Property Loans, Laws related to Mortgage Finance, Mortgaged backed Structured Products and Real Estate Project Funding.
He has delivered programs for ICICI Bank, Axis Bank, Aadhar Home Finance, Kotak Bank, Mahindra Insurance Brokers, Bajaj Allianz General Insurance, to name a few.
He is married to Saroja and is blessed with two kids.
Charles Jayaseelan
Charles is a Banking Professional with successful track record of exceeding targets under diverse market conditions with over 26 years of varied work experience in the field of Banking, Retail assets, Loans,Insurance & Training, Real Estate, Service Industry and Human Resources. Charles has the capability to identify bottlenecks in any operation and bringing about persistent changes. Created and sustained highly motivated teams with proactive abilities.
Charles is a Post Graduate in Public Administration from Chennai and has been actively involved in music from a very young age. His music ministry is a clear reflection of his interest in music and passion for God’s work.
Charles is married to Kavitha, a HR professional and the couple is blessed with two children
Co-founder & Director
Sudapalli JP Rao
Seasoned Banking & Technology professional 20+ years rich experience in banking handling Sales, Relationship, Collections and expertise in development of IT Applications for BFSI. He has served as Zonal Head for NPA Recoveries for South & East and NPA Management for Pan-India for Agri Loans at ICICI Bank
Was awarded the prestigious DNA Award for Sensitivity (2017-18) at ICICI Bank, he holds a Master’s in International Business from IIFT Delhi, India’s premier B –School.
MISSION
At Auction Ghar, our mission is to provide a transparent, accessible, and user-friendly platform for buying and selling bank auction properties across India. We are committed to:
- Empowering Buyers: Offering a wide range of verified residential, commercial, and land properties, enabling buyers to find their ideal investment opportunities.
- Facilitating Financial Recovery: Assisting banks, home finance companies, and NBFCs in efficiently liquidating non-performing assets, thereby contributing to the stability of the financial sector.
- Enhancing Trust and Transparency: Ensuring all auction listings are thoroughly verified and providing clear, comprehensive information to help buyers make informed decisions.
- Innovating the Auction Process: Continuously improving our platform with the latest technology to streamline the auction process, making it more efficient and accessible to all users.
VISION
Our vision is to be India’s leading and most trusted platform for bank auction properties, revolutionizing the way properties are bought and sold through auctions. We aim to:
- Lead the Market: Establish Auction Ghar as the go-to destination for all bank auction properties, recognized for our extensive listings, reliability, and user-centric approach.
- Expand Nationwide: Grow our presence across all major cities and regions in India, making it easier for buyers and sellers to connect and transact.
- Promote Financial Literacy: Educate our users about the benefits and opportunities of buying auction properties, helping them navigate the auction process with confidence.
- Support Sustainable Growth: Foster a sustainable real estate market by facilitating the efficient turnover of properties and aiding in the recovery of non-performing assets.
SERVICES:
At Auction Ghar, we offer a comprehensive range of services designed to simplify the process of buying and selling bank auction properties. Our platform is dedicated to providing a seamless, transparent, and efficient experience for all our users.
Our Core Services
1. Verified Property Listings
- Residential Properties: Explore a wide selection of verified residential properties, including apartments, houses, and villas available through bank auctions.
- Commercial Properties: Find lucrative commercial spaces such as office buildings, retail spaces, and industrial properties to expand your business.
- Land Properties: Discover a variety of land options for residential, commercial, and agricultural use, all available at competitive auction prices.
2. Comprehensive Property Details
- Detailed Descriptions: Each listing includes thorough descriptions, high-quality images, and essential property information to help you make informed decisions.
- Legal Documentation: Access crucial legal documents related to the property, ensuring a transparent and secure transaction process.
3. Auction Notifications and Alerts
- Real-Time Updates: Stay informed with real-time notifications about upcoming auctions, newly listed properties, and changes in auction schedules.
- Customized Alerts: Set up personalized alerts based on your preferences to receive notifications about properties that match your criteria.
4. Expert Guidance and Support
- Dedicated Support Team: Our team of experts is always available to assist you with any queries and provide guidance throughout the auction process.
- Auction Assistance: Get professional support for participating in auctions, including registration, bidding strategies, and post-auction formalities.
5. Financial and Legal Assistance
- Loan Facilitation: We help you secure financing options through our network of banking partners to ensure you have the necessary funds to participate in auctions.
- Legal Advice: Receive expert legal advice to navigate the complexities of auction purchases and ensure a smooth transaction.
6. User-Friendly Platform
- Easy Navigation: Our intuitive platform makes it easy to search, filter, and browse through a vast array of auction properties.
- Secure Transactions: We prioritize your security, ensuring all transactions and interactions on our platform are protected.
Complete Auction Details
Home renovation services
Dedicated Relationship Manager
Full information of property
Information on Pending dues, if any
Social Media Posts - Facebook, Instagram, YouTube
Pictures & video footages of properties
Legal Services
Financing options
TECHNOLOGY
Auction Ghar offers wide range of auction properties, vehicles, etc., with a whole bouquet of comprehensively tailored services to help buyers fulfil their dreams of owning a property or assets at affordable prices. Our years of research and expertise in the financial sector help us provide our clients, ie., Banks, HFCs, NBFCs, extended services in easy selling of the distressed assets every time with better realization in every sale through a transparent and verified process.