FAQ

What does a Luxury property mean?

It refers to a property with a built-up or land area that falls under the Luxury range as defined by the listing (e.g. up to 500 sq ft, 1 to 5 acres, etc.).

Are Luxury properties available through bank auctions?

Yes. Banks list a wide range of sizes—from compact units to large land parcels—depending on what’s being recovered.

Why are Luxury properties in bank auctions priced lower?

They are being sold to recover defaulted loans, not for profit—so reserve prices are often below market value.

Can I get a loan for a Luxury auction property?

Loans are generally available for residential and commercial units. For large land parcels, financing depends on the bank and purpose.

Are Luxury properties ready to occupy or use?

Most residential/commercial properties are completed. Land parcels are usually ready for transfer or development.

What is the payment timeline after winning the auction?

After paying the EMD, you usually get 15–30 days to complete the remaining payment.

Is legal verification needed for Luxury properties?

Yes. Even though it's a bank auction, buyers should always verify title, pending dues, and physical possession.

Can I use Luxury land for agriculture or development?

Yes, depending on zoning and local regulations. Always check land use permissions before bidding.

What documents are needed to participate?

PAN card, Aadhaar, address proof, and payment of EMD.

What if no one bids on a Luxury property?

It may be relisted later at a lower reserve price—giving you another chance at a better deal.