Thinking of buying a house? Many properties offered at the Bank of Baroda (BoB) electronic mega-auction


Bank of Baroda (BoB) will be hosting an online mega auction of properties across India on October 22, 2021. BoB recently tweeted about a real estate mega auction. Those interested can make the most of this electronic auction and buy the property of their choice with ease.

“Now is your chance to buy a property you love! #BankofBaroda presents Mega e-Auction on October 22, 2021, where you can easily get a property of your choice, ”the lender tweeted.

During the online mega auction of properties to be launched by Bank of Baroda, buyers and potential clients can fulfill their dream of buying property across India which includes houses, apartments, offices, land / plots and industrial properties.

Usually, properties whose loans could not be repaid, that is, properties in default, are put up for auction by the banks. These properties are auctioned from time to time by the banks through the Indian Banks Auctions Mortgaged Properties Information (IBAPI) portal.

It should also be noted that this auction is organized within the framework of the SARFAESI law of October 22, 2021.

  • Those interested can log on to the Bank’s official website for more details.
  • Interested clients visit the Indian Banks Auctions Mortgaged Properties Information (IBAPI) eBkray portal.
  • A user can directly access the portal without registration / login.
  • Potential bidders can select data segmented by database and by location across banks.

The State Bank of India (SBI) is also holding an online mega-auction of the mortgaged commercial and residential properties of the defaulters to collect bank dues on October 25.

“Your next big investment opportunity is here! Join us in the electronic auction and place your best bid, ”the SBI said on Twitter.

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