Arihant Auction Properties plays very important role to bridge the gap between perspective buyer and the Banks/financial institutions which are auctioning the properties. This portal display the auction notice and those interested in auction has to contact us for further proceedings. The Arihant Team will guide the prospective buyer in each and every steps till register the sale Certificate.

The auction properties are relatively cheaper price compared to existing market prices and also have clear Marketable title.

Arihant Auction Properties provides an effective medium to advertise which reaches out not only, intended Indian buyer but also global, which help the bank / financial institutions with much improved response to their auction.Banks may not find buyers at the time of auction. Banks are in search of buyers for these type of properties. Investors can target this type of left out of auction and buy at relatively cheaper price.

Banks and financial institutions after exhausting all the stipulated process of trying all other methods to recover the default amount from the borrower, can finally take possession of the property after duly notification to the default borrower, which is allowed as per the SARFAESI Act, 2002 (The Securitization and Reconstruction of Financial assets and enforcement of Security Act 2002) or By Debt Recovery Tribunal (DRT).

A Non-performing asset (NPA) is a credit facility in respect of which the interest and/or instalment of Loan has remained ‘past due’ for a More than 90 Days.

Non Performing Assets (NPA) are Stressed Assets

The Banks/Financial institutions auction Stressed Asset in order to recover the amounts which enable them to maintain health financial portfolio.