Banks are auctioning 2,362 properties in next 30 days. Grab one for a song

But get a thorough title check done and ensure there are no outstanding dues

Banks will auction 2,363 residential properties over the next 30 days, according to Indian Banks Auctions Mortgaged Properties Information portal (ibapi.in). Bank of Baroda will hold a mega e-auction on August 18.

Buy at discounted price

The foremost benefit of purchasing a property in a bank auction is that you could get it at a significant discount to the market rate. “The property may have been mortgaged many years ago and the bank may offer it in the auction at that very price,” says Subhankar Mitra, managing director, advisory services, Colliers India.

The location could be attractive. “When a leading