PNB Update! PNB is selling more than 12000 houses cheaply, property will be available at rates lower than the market

PNB Update: A special offer has been taken out by Punjab National Bank, under which you can buy a house cheaply. You have this chance only for today. This includes residential property, commercial property, industrial property and agricultural property.

Punjab National Bank: If you also have a plan to buy a house this year, then the country’s government bank PNB is giving you this opportunity. Punjab National Bank (PNB mega e-auction) has tweeted about this and told that today you have a chance to buy a cheap house. PNB is selling residential property, commercial property, industrial property and agricultural property today.

PNB tweeted

Punjab National Bank has written in the official tweet that seize the opportunity to get your dream property with PNB Mega E-Auction. You can bid for a cheap house today i.e. on 20th July.

SEIZE THE OPPORTUNITY TO GET YOUR DREAM PROPERTY WITH PNB MEGA E-AUCTION!

TO PARTICIPATE PLEASE VISIT: HTTPS://T.CO/X5LOHWLZZV#PROPERTY #AUCTION #DREAM #PNB #DIGITAL PIC.TWITTER.COM/ZQF0BNRLKC

— PUNJAB NATIONAL BANK (@PNBINDIA) JULY 19, 2023

Can bid for 12022 houses

PNB has told that it is selling 12022 houses, 2313 shops, 1171 industrial properties and 103 agricultural land. For more information about this auction, you can visit the official link https://ibapi.in/

What type of property is auctioned?

Let us tell you that many people take loan for property from the bank, but due to some reasons they are unable to repay their loan, then the land or plot of all those people is taken over by the bank. This type of property is auctioned from time to time by the banks. In this auction, the bank recovers its outstanding amount by selling the property.

The auction will be held under the SARFAESI Act,

let us tell you that this auction will be completely transparent. This mega e-auction is being done under the SARFAESI Act. Those properties are kept under this auction, which are mortgaged with the bank, and due to some reason their owners are not able to repay the loan.

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