Union Bank of India has announced a “Mega E-Auction” of various properties, offering a significant opportunity for individuals and businesses to acquire commercial spaces, homes, flats, and shops. This initiative, part of the bank’s “Bid-n-Buy properties @ the push of a finger” program, aims to make property acquisition more accessible and transparent for the general public.
What’s on Offer?
The e-auction features a diverse portfolio of properties, catering to a wide range of needs:
- Offices / Shops: Ideal for entrepreneurs and businesses looking for commercial spaces.
- Factory / Land & Buildings: Opportunities for industrial ventures and development.
- Residential Houses: Perfect for families seeking new homes.
- Flats / Apartments: A chance to own modern living spaces.
- Open Plots: Suitable for those looking to invest in land for future development.
Key Details for Prospective Bidders
Issuing Authority
Union Bank of India, a government of India undertaking.
Project Scope
The e-auction involves the sale of Pan-India prime commercial spaces, homes, flats, and shops through an online bidding process.
Key Dates
The auction will be held on 11th & 26th September, 2025.
Official Website
For more details and to participate, interested parties can visit:
- Auction Property: https://www.unionbankofindia.co.in/auction-property/view-auction-property.aspx1
- Bidding URL: https://baanknet.com
- Property ID Search: https://baanknet.com/eauction-psb/x-login
Organisation Sector
Banking and Finance.
Tender Sector
Real Estate / Property Sales.
Significance and Community Benefits
This mega e-auction by Union Bank of India holds substantial significance for the community and the economy.
- Affordable Property Ownership: By offering a wide range of properties, including residential and commercial, the auction provides opportunities for individuals and businesses to own assets at potentially competitive prices. This can help more people achieve their dream of homeownership or expand their business operations.
- Economic Boost: The sale of these properties can inject liquidity into the real estate market, stimulating economic activity. New property owners might invest in renovations, leading to job creation in construction and related sectors.
- Transparent Process: E-auctions promote transparency and fairness in the bidding process, ensuring that all interested parties have an equal opportunity to participate.
- Development Opportunities: The availability of open plots and factory spaces can encourage new developments and investments, contributing to the overall growth and infrastructure enhancement of various regions, including Navi Mumbai.
Reference and Notification Links
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