look news india
e-Bikray Platform: If you are also thinking of buying a house and have budget problems, then this news is useful for you. Government banks are making the process of purchasing property at auction easier than ever. With the help of e-sale platform, you can view the properties auctioned by public sector banks together.
Earlier, buyers had to visit the websites of various banks or keep an eye on newspaper notices to check the auction list. However, this system is set to change at the end of the year. Because all government-owned banks will soon list the auctioned assets on a unified digital platform.
Developed in collaboration with 12 public sector banks
This new platform called e-Bikre is more user friendly and technologically advanced than the previous system. The platform aims to make the auction process completely transparent and accessible. This platform has been developed by PSB Alliance Private Limited in collaboration with 12 public sector banks.
This platform will not just be limited to providing property information but will also make the auction process completely digital and transparent. Indian Banks Association (IBA) and IBBI have developed this platform to ensure a streamlined and user-friendly auction experience.
All information on one platform
One of the main benefits of e-sale platforms is comprehensive information about properties listed in auctions on a single website or app. Now buyers can check important details like property status, geographical information and tentative auction dates on this platform without visiting multiple websites.
Buyers can access all public sector banks' e-auction sites from a single platform with a single window interface. Because it is designed to make the auction process completely digital.