Bank Auctions, Foreclosure Property websites

[paxauquabriba-4876]

Anyone has experience of Bank Auctions, Foreclosure Property websites < please share ?

Looking to list all websites ?

Will update lists below : ( idea is experimental ; just sharing for convenience of one place)

All Listings – AuctionGenie

auctiongenie.in

Here are some of the most commonly used websites for bank auctions and foreclosure properties in India:

1. IBAPI (Indian Banks Auction Properties Information)​

• Website: ibapi.in
• Overview: This portal is managed by the Indian Banks Association (IBA) and serves as a common platform for displaying details of mortgaged properties auctioned online by banks, primarily public sector banks. Users can search for properties, view details, and participate in auctions.

2. Foreclosure India​

• Website: foreclosureindia.com
• Overview: This site lists the latest e-auctions conducted by banks, liquidators, and financial institutions under the SARFAESI Act. It provides comprehensive details about auctioned properties, including reserve prices and auction dates.

3. BankAuctions.in​

• Website: bankauctions.in
• Overview: This portal focuses on foreclosure properties and bank auction properties across India. It aggregates auction notices from various banks and provides a user-friendly interface for potential bidders.

4. eAuction India​

• Website: eauctionsindia.com
• Overview: This platform offers access to upcoming bank auctions across India, detailing property types, reserve prices, and auction dates. It is designed to facilitate the bidding process for prospective buyers.

5. MSTC e-Auction Platform​

• Website: mstcecommerce.com
• Overview: The Metal Scrap Trade Corporation (MSTC) provides an e-auction platform where various government departments and banks list their auctioned properties. Bidders must register and follow specific procedures to participate in auctions.

6. Auction Focus​

• Website: auctionfocus.in
• Overview: This site advertises upcoming bank auctions and provides access to a wide range of properties available for bidding across different cities in India.

These platforms are essential for anyone interested in purchasing properties through bank auctions or foreclosures, offering detailed listings and facilitating the bidding process.

 

[vine]

Very interesting !

 

[newIntern]

where are you getting this data from?

the Idea is nice but property buy/sell has always been unorganized because people like to hide their black money there. but if you can actually organize just the bank auction which are mostly white except for the bribes then its awesome

 

[vine]

where are you getting this data from?

the Idea is nice but property buy/sell has always been unorganized because people like to hide their black money there. but if you can actually organize just the bank auction which are mostly white except for the bribes then its awesome

Except for the bribes!!!
I thought this is a plain white thing!
How big is the percentage of these bribes?

 

[paxauquabriba-4876]

where are you getting this data from?

the Idea is nice but property buy/sell has always been unorganized because people like to hide their black money there. but if you can actually organize just the bank auction which are mostly white except for the bribes then its awesome

i could not clearly understand what you asking but here u go:

foreclosures have been there since ages but due to internet these days i am just listing all websites at one place for ease of access & AS AN IDEA

bribe may be expacted for india being india but even those are new waters for me so made this post so that whatver experiences can be shared for others to learn

 

[rishi4]

How does this work?
And how do we procure it?
Totally a newbie here, anywhere I can read or get more info on this?

 

[newIntern]

Except for the bribes!!!
I thought this is a plain white thing!
How big is the percentage of these bribes?

could be 10-20% of property value, it mostly goes to branch managers.

 

[newIntern]

i am just listing all websites at one place for ease of access & AS AN IDEA

whats what I am asking, are you scrapping bank websites to get the info? or is there an public/private API. how exactly does this work?

 

[paxauquabriba-4876]

whats what I am asking, are you scrapping bank websites to get the info? or is there an public/private API. how exactly does this work?

no am just sharing list of any website i can find here, so here people can get info at 1 place

but intenet is vast & though google or gpt can do te same

btw feel ffree tp share any website & we willl update

 

[Umang85]

Here are some of the most commonly used websites for bank auctions and foreclosure properties in India:

1. IBAPI (Indian Banks Auction Properties Information)​

• Website: ibapi.in
• Overview: This portal is managed by the Indian Banks Association (IBA) and serves as a common platform for displaying details of mortgaged properties auctioned online by banks, primarily public sector banks. Users can search for properties, view details, and participate in auctions.

2. Foreclosure India​

• Website: foreclosureindia.com
• Overview: This site lists the latest e-auctions conducted by banks, liquidators, and financial institutions under the SARFAESI Act. It provides comprehensive details about auctioned properties, including reserve prices and auction dates.

3. BankAuctions.in​

• Website: bankauctions.in
• Overview: This portal focuses on foreclosure properties and bank auction properties across India. It aggregates auction notices from various banks and provides a user-friendly interface for potential bidders.

4. eAuction India​

• Website: eauctionsindia.com
• Overview: This platform offers access to upcoming bank auctions across India, detailing property types, reserve prices, and auction dates. It is designed to facilitate the bidding process for prospective buyers.

5. MSTC e-Auction Platform​

• Website: mstcecommerce.com
• Overview: The Metal Scrap Trade Corporation (MSTC) provides an e-auction platform where various government departments and banks list their auctioned properties. Bidders must register and follow specific procedures to participate in auctions.

6. Auction Focus​

• Website: auctionfocus.in
• Overview: This site advertises upcoming bank auctions and provides access to a wide range of properties available for bidding across different cities in India.

These platforms are essential for anyone interested in purchasing properties through bank auctions or foreclosures, offering detailed listings and facilitating the bidding process.

Would be easier if you add the list to the main post. Easier rather than scrolling through it. Especially after this thread will run for over 3-4 pages.