www.auctionvala.com - About Us

 

We provide complete e-Auction Property Solution. So, You can buy from various Bank's NPA Auction Property without fearing of what to documents to be taken from bank or should we buy or not. So, If you try then you will definitely take our service for purchase of cheapest auction property from various banks. We will guide to how to buy. So, feel free to visit us and we also suggest to you best and cheap property and General terms & Conditions for Bid in Auctions of any bank property. So, Happy Buying.

Small Introduction about us

Auctionvala.com is the Surat based new emerging portal in India for auction related service of bank or NBFC’s Non Performing Assets (NPA) properties including movable and immovable properties. We list all major public sectors, private sectors banks and NBFC or ARC (Asset Reconstruction Company)’s Residential, Commercial, Industrial, two- wheeler, three- wheeler and four wheeler and major commercial truck, tractors etc…vehicles and properties on our website to serve our valued visitors, you will find best auction properties to deals on auctionvala.com. For buyers, our portal provides opportunity to own dream property at cheapest price rather than market price.

 

Our Objectives

Auctionvala.com’s main objective is to helping and providing right and potential buyer to right property at lowest price through auction process and help them in bidding services to file their bids in various bank’s Non-Performing Assets (NPAs) properties. we service and consulting individuals to find best suited and fitted auction property transactions at lower as compare to market rates.

5 Auction Tips for Beginners

 

Ø  Do your Homework before you bid.

Ø  Set your Budgets and Limits.

Ø  Calculate All Expenses of Occurred before & after Auction Process like Stamp Duties, Registration Expenses, Legal, Municipal, Government dues etc..

Ø  Be Ready to take Part early before auction time and get Credential from Bank (if not available).

Ø  Bid quickly and counter-bid quickly before timeout in Auction.

Which Points / Documents to be Check / taken in consideration while buying property from Auction?

 

How many Amount Outstanding in 

- Electricity Bill, 

- Tax Bill, 

- Gas Bill, 

- Society Maintenance

- Any other Case in Revenue Record and

- DRT ( Debt Recovery Tribunal ) Court etc...

Benefits of Buying Property from Auction.

 

Ø  Get at Cheapest or Reasonable Price of Property.

Ø  Legally More Safe to invest your money as compared to Local Market.

Ø  Seller (Banks/ NBFC/ ARC ) more Credibility is fixed So, No need to more worry.

Ø  Transparent in Transaction of Money via Bank Channel.

Ø  Time of Ownership is early as compare to general Transaction.

What are the General Terms & Conditions for Auction?

                                     

Ø  Pay 10% EMD of Reserve Price and Submit KYC. ( For meaning of EMD & Reserve Price go through Auctionvala.com’s FAQ Page)

Ø  Successful Bidder must be required to pay 25% of the Total amount Offered (including the amount of EMD) immediately i.e. on the same day or not after next working day Otherwise Bank/ NBFC/ ARC will forfeit the deposited amount.

Ø  Submit the Bid Form with EMD Payment Proof.

Ø  Active E-Mail ID and Mobile Number.

E-Auction Property Full Process – Suggested by www.auctionvala.com

 

Ø  Find out Best Auction Property from Listed on Auctionvala.com

Ø  Check Property Details and consult with your advocate too.

Ø  Do Physically Inspection of the Property.

Ø  If Property suits your need from aucionvala.com then Submit Bid Form.

Ø  Be Prepared Online Bidding and read all FAQ and Blogs of Auctionvala.com

Ø  On Auction Date if you are Highest Bidder then get Bid Letter/ Bid Confirmation Letter of Auctioned Property.

Ø  After Completion of your Total Payment get or Issued Sale Certificate from Authorized Officer.

Ø  Book Appointment with Authorized Officer to Register Sale Certificate in Sub-Registrar office and get also get Your Possession Letter.