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PNB Mega E-Auction: Want to buy property at less than market rate, then know the full way from here

The properties offered by PNB e-auction will include all types of properties like housing, residential, commercial, industrial etc.

PNB Mega E Auction Want to buy property at less than

Are you planning to buy a house at a price much lower than the current market rates? If so, now you have a chance, as Punjab National Bank (PNB) is all set to conduct an electronic auction for the mortgage property on June 15. The properties offered by PNB e-auction will include all types of properties like housing, residential, commercial, industrial etc.

“Not waiting for all 2021 targets. Participate in PNB’s mega e-auction to get the right price for housing and commercial properties,” PNB said in a tweet.

Bidders must already fulfill the following conditions:

-Bidder/Purchaser Registration: The bidder has to register on the E-Auction platform using his mobile number and email-id.

– KYC Verification: The bidders should upload the required KYC documents. The KYC document will be verified by the E-Auction Service Provider. This may take up to two working days.

– Transfer of EMD amount to Bidder Global EMD Wallet: Online/off-line transfer of funds using NEFT/Transfer using challan generated on E-Auction platform.

– Bidding Process and Auction Results: Interested registered bidders after completing the first, second and third stages can place bidding online on the e-auction platform.

According to the e-sale portal, there are 12855 residential properties, 2804 commercial properties, 1400 industrial and 101 agricultural properties.

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