I was looking for distressed properties at a lower price, and started to wonder: How to find bank owned properties for free? The best method, according to my research, is to visit the Indian Banks Auctions Mortgaged Properties Information (IBAPI) webpage, which includes properties from different banks that are up for auction or in foreclosure. Real estate platforms such as NoBroker also offer bank-auctioned properties. These resources offer a transparent, cost-free method of finding bank-owned properties throughout India.
How Do I Find Bank Owned Properties for Free?
The 2 ways by which you can get hold of Bank auctioned properties for free are:
IBAPI Portal
In accordance with the Department of Financial Services' (DFS) overarching policy, the Indian Banks Association (IBA) launched the
Indian Banks Auctions Mortgaged Properties Information (IBAPI)portal to give banks, starting with public sector banks, a common platform to display information about mortgaged properties that will be put up for online auction.
This site allows potential purchasers to browse for properties, read their details, and take part in the auction process.
NoBroker
Check out the verified bank auctioned property listings available on the real estate platform of
NoBroker. You will just need to visit their website, navigate to the "Auction Properties" section, to find properties that match your needs.
I am following this approach to find bank-auctioned properties. However, be aware of the fact that as these properties come with legal complexities, conducting proper due diligence before purchasing is crucial.
Read More:
Is It Safe to Buy Bank Auction Property?
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How to Find Bank Owned Properties for Free?
Tisha78
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8 months
2025-03-24T08:44:06+00:00 2025-03-24T08:44:06+00:00Comment
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