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Introduction

Welcome to Auction Ghar – India’s No.1 Bank Auction Properties Platform

At Auction Ghar, we specialize in a diverse range of auction properties from banks, home finance companies, and NBFCs. Our platform offers customers the opportunity to choose from a variety of verified properties, ensuring a secure and reliable investment experience.

Why Choose Auction Ghar?

  • Verified Properties: We list only thoroughly verified properties, ensuring transparency and trust.
  • Comprehensive Listings: Our platform features a wide range of properties including residential, commercial, and land options.
  • User-Friendly Interface: Navigate easily through our platform to find detailed information on each auction property.
  • Expert Support: Our dedicated team is always ready to assist you at every step of the auction process.

Understanding Bank Auctions

Banks and financial institutions provide loans for purchasing various types of properties and assets. These loans are secured by hypothecating or mortgaging properties as collateral. Borrowers must repay their loans through regular EMI/interest payments according to the terms and conditions set by the lender.

Unfortunately, some borrowers are unable to meet their repayment obligations due to financial difficulties. When this happens, the loan accounts are classified as Non-Performing Assets (NPA) according to RBI norms. Consequently, the collateral properties are repossessed and put up for auction.

The Auction Process

Every year, thousands of properties are auctioned across India by banks, housing finance companies, NBFCs, and financial institutions to recover bad loans. Here’s how the process works:

  1. Repossession: Authorized officers appointed by the lenders take possession of hypothecated or mortgaged properties under the SARFAESI Act.
  2. Public Auction: The repossessed properties are then listed for sale through public auction notices.

Benefits of Auction assets:

LEADERSHIP TEAM

Johnson Menezes

CHIEF STRATEGY OFFICER

Charles Jayaseelan

CHIEF BUSINESS OFFICER

Sudapalli JP Rao

INDEPENDENT DIRECTOR

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:

  1. Empowering Buyers: Offering a wide range of verified residential, commercial, and land properties, enabling buyers to find their ideal investment opportunities.
  2. 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.
  3. Enhancing Trust and Transparency: Ensuring all auction listings are thoroughly verified and providing clear, comprehensive information to help buyers make informed decisions.
  4. 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:

  1. 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.
  2. Expand Nationwide: Grow our presence across all major cities and regions in India, making it easier for buyers and sellers to connect and transact.
  3. Promote Financial Literacy: Educate our users about the benefits and opportunities of buying auction properties, helping them navigate the auction process with confidence.
  4. 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.

One Stop Solution for all your auction property needs.

Complete Auction Details

Transparency

Home Renovation Services

Legal Services

Dedicated Relationship Manager

Financing Options

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