Durgabondada
Digital Marketer at JJDS E-Auction Online Pvt Ltd
Property Types
- 100% Apartment
Property Status
- 100% commercial office spaces
Property Cities
- 100% Dewas
About Durgabondada
eAuctionsIndia.com has emerged as one of India’s leading online platforms for bank e auctions, offering buyers and investors a single destination to track property auctions across the country. The portal provides consolidated listings of auction properties from more than 80 public and private sector banks, NCLT and several financial institutions.
The platform features a wide range of non performing and stressed assets, including residential flats, independent houses and open plots, commercial properties, industrial land and buildings, shops, vehicles, plant and machinery, agricultural and non agricultural land, as well as gold auctions.
By bringing verified auction listings onto one platform, eAuctionsIndia simplifies the process of discovering, evaluating and participating in bank property auctions, enabling buyers and investors to identify potential investment opportunities with ease.
Advantages of buying properties through bank auctions
Price advantage
Properties available through bank auctions are generally priced around 20 to 25 percent lower than prevailing market rates, offering significant savings to buyers.
Legally safe process
Bank auctions are conducted in accordance with the SARFAESI Act and DRT Act. Loans sanctioned by banks and financial institutions are subject to legal verification, ensuring compliance with statutory requirements.
Credibility of the seller
Banks and financial institutions authorised by the Government of India conduct these auctions, providing a high level of credibility and reducing risk for buyers.
Simple and streamlined procedure
The auction process is straightforward and reduces the burden on buyers to independently verify multiple legal aspects of the property.
High transparency
The auction mechanism is fully transparent and conducted through secure platforms, ensuring fairness for all participants.
Defined time frame
Registration of auctioned properties is generally completed within about two months, allowing buyers to take possession within a reasonable time period.
