How to bid for SBI mega e-Auction of properties in India on 9th December 2016

Looking to invest in property in India? Planning to buy a ready flat or office premises? This article provides guidelines on how to participate in the forthcoming SBI mega e-auction of residential and commercial properties in India scheduled for 9th December 2016.

Once again, here comes a great opportunity for those aspiring to purchase prime property in India. The property would be those available for auction through online bids organized by State Bank of India. Take part through an easy online bidding process of the SBI mega e-auction schedule for 9th December 2016.

ou can bid online on the afore-mentioned date for multiple types of property which will be put on the block. These include commercial sites ranging from retail shops and office premises to larger sites as well as residential accommodation ranging from small flats to large apartments and houses. The properties are spread across the country in towns and metros. As a successful bidder, you may also be eligible for a loan. It goes without saying that you do need to check out the property details for yourself. It is advisable to consult a professional too to understand the nitty-gritty details, especially if any arrears of the previous owner are due.

You can check out my previous article to know benefits of bidding in an SBI e-auction.

Bidding eligibility requirements

  1. Net connectivity: Minimum 256kbps internet connection.

  2. Browser: Microsoft Internet Explorer version 8, 9,10 & 11; Mozilla Firefox; Google Chrome - Below 44 versions

  3. OS: Windows XP professional, Windows 7 professional, Windows 8 professional, Windows 10 professional

  4. You must have a valid digital certificate with e-auction login ID and password.

  5. You must communicate from your registered email ID when corresponding with SBI.

How to participate in the bid process

Those interested in participating in the SBI e-auction process can do so only at the official website.

Bid at on 9th December 2016

List important Websites

This is a list of further portals which would give you details of the e-auction and bidding process:
  1. SBI Mega e-auctions

  2. Magicbricks SBI group auctions

Contact information

For complete details of the bidding process and any help required, the contact numbers are: 079-40230823/21/24 or 0124-4302020-24 or 09686196756

E-auction app for Android smart phones

You can also download and use the AuctionTiger mobile app on your smartphone. The app gives the details of the auction notice and well as the facility to download the requisite document & submit your bid in the auctions listed at Afterwards, you can even find out the results of the auction. All you need to do is install the app and register.

The app is available at the Google Play store

[Note: You must go through all the instructions for the registration and bidding process and not rely solely on the information provided here in this article. Do check out the FAQs at the various sites as listed above for answers to commonly asked queries.]

Article by Vandana
Vandana is based in India with over 15 years experience as a freelance writer. Writing, no doubt, is her primary passion! Having learned the art of blogging from ISC, Vandana is enjoying the thrills of blogging, taking pleasure in sharing information & getting good pageviews at her various blogs.

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