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Want to buy a house or commercial property? Know how you can get an affordable one

PNB is holding online mega e-auction of residential and commercial properties in a transparent manner under SARFAESI Act, the bank authority said.

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Want to buy a house or commercial property? Know how you can get an affordable one
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Owning a house a dream many people wish to accomplish. However, the COVID-19 pandemic has made many people put this dream on the backburner. 

For people who are looking to buying a house or an affordable commercial property, Punjab National Bank (PNB) has a piece of good news. PNB is holding an online mega auction for residential and commercial properties. 

"Not all 2021 goals have to wait. Participate in PNB’s Mega e-Auction to get reasonable prices for residential and commercial property,” PNB tweeted.

PNB is holding online mega e-auction of residential and commercial properties in a transparent manner under SARFAESI Act, the bank authority said. 

The Indian Banks Association (IBA) has provided details about the residential, commercial, and industrial properties that are being e-auctioned on its Indian Banks Auctions Mortgaged Properties Information (IBAPI) portal.

There are a total of 12,887 residential properties, 2826 commercial properties, 1407 industrial properties, 101 agricultural properties, 34 properties over states, and 11 participating banks. Within the next 30 days, 895 residential, 323 commercial, and 167 industrial properties will be auctioned. 

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