Planning to buy property? Here’s how you can purchase house at cheaper rates

Several banks, from time to time, give investors an option to invest their money in properties that are sold at prices lower than the circle rate. 

New Delhi: If you’re planning to buy a house or residential or agricultural land, then we have good news! Investors planning to put their money on properties will be able to bid for properties at prices lower than market rates in the upcoming mega auction of the Indian Overseas Bank (IOB). The state-owned bank is planning to auction several properties in its mega auction, IOB Mega E-Auction, which is scheduled for July 23, August 17, and September 15.    During the auction days, investors can bid for several types of properties that were confiscated by the bank from defaulters. These properties include residential properties such as flats, houses and plots, commercial properties, and agricultural properties.  In a tweet, the bank said, “IOB is conducting Mega E-Auction on 23.07.2021, 17.08.2021 & 15.09.2021. Details of properties available on our website http://iob.in ---> Properties.”  Also Read: I-T dept raids Dainik Bhaskar, Bharat Samachar offices in tax evasion case IOB is conducting Mega E-Auction on 23.07.2021, 17.08.2021 & 15.09.2021 Details of properties available on our website https://t.co/HxjTfQ1x4F ---> Properties Available for Sale#IndianOverseasBank #IOBMegaEAuction pic.twitter.com/AIMnccCsnv