“As per https://www.statista.com/statistics/1244592/india-gnpa-raio-of-nbfc-by-sector/, As of March 2022, India's non-banking financial companies (NBFCs) reported the highest gross non-performing assets (GNPA) ratio of 9.9 percent within the services sector, a decline from 11 percent in September 2021. The sector was followed by the industry sector with GNPA ratio at 7.8 percent. The total GNPA ratio of NBFCs eased in March 2022 at 6.2 percent from 6.8 percent in September 2021.”
Banks tend to conduct different auctions of properties in agricultural, commercial, and residential properties to recover their lost finances. These auction properties are ideal for investing. The banks have already authenticated and verified the assets before loaning them to the borrowers. In this aspect, a newbie investor will need proper assistance to enter this promising real estate market. They will need one point of contact for all the interested investors in auction properties, starting from EMD payment till Registration of the property. Various e-auction service portals offer exclusive assistance and property consultation to find and invest in such properties via auctions.
How does this property consultation help?
A bidding journey is complex and intricate for the new bidders. Understanding this process can be confusing too. The electronic auction team offers comprehensive consulting services to enable interested buyers to participate in such auctions.
The experts in this team will be assigned to the bidders when needed. Interested buyers can call or chat with the experts to get proper answers to all their queries and understand the process well.
If you are an interested buyer, all you have to do is to pick an auction website and find out the suitable properties enlisted in a location. Input the specific location and property type information and get a list of available properties enrolled for auctions.
Once you are aware of such properties, you can directly contact the consulting team of the e-auction websites and seek professional assistance for property consultation. The top names in this domain assign a dedicated relationship manager. An experienced bidding assistant or a relationship manager will guide you through registering, qualifying, bidding and setting the terms and conditions. Various portals in India have been empaneled with all the banks for conducting the auction of bank-seized properties in India, like Auctionbazaar - Right from selecting the property from the database to consulting services in auction management. You can connect with us for end-to-end handling transactions here, https://www.auctionbazaar.com/services#expert-consulting.
Financial assistance with a property consultation
A potential investor is asked to show or deposit to participate in auctions. It is called earnest money deposit or EMD. The consulting service provided to the potential buyers will also help to arrange an EMD amount. In most cases, financial assistance is provided to place up to 60% of the bidding value for the investors by partnering with the top banks, financial institutions and non-banking financial companies (NBFCs).
This support enables an interested buyer to arrange money faster before the bidding timeline is closed and to get a paddle number. Once the interested buyer is qualified as a potential bidder after the deposition of the asked EMD amount, they can start bidding and participate in the e-auction of NPAs.
Invest in NPAs with top property consultation
This process is how an e-auction works. New interested buyers will need the assistance of a professional e-auction team to set up an account and proceed with the qualification to become recognized as potential bidders.
Seeking such assistance will help you understand the process well and to make informed decisions at every step. Register as an interested buyer and participate in an e-auction when you find a suitable property for sale in a preferred location.
Complete a bidding journey smoothly with the dedicated consultation and assistance of the auction team. We are closely associated with various Banks, Financial Institutions, ARCs, Liquidators, and Insolvency professionals to complete and accelerate the entire auction process.
To know more, visit https://www.auctionbazaar.com/.
