Property Auctions

Sebi to auction properties of 5 cos on Jan 22 to recover investors money

Capital markets regulator Sebi has said it will auction 13 properties of five companies, including Sunheaven Agro India and RaviKiran Realty India, along with that of promoters and directors on January 22 to recover money illegally collected from investors. The other firms whose properties will be auctioned are Just-Reliable Projects India Ltd, Orion Industries, and Rakhal Bharoti group of companies. The properties will be auctioned at a reserve price of Rs 15.08 crore, according to a public notice issued by the Securities and Exchange Board of India (Sebi) on Monday said. These assets include land parcels in West Bengal and Jharkhand. Further, Quikr Realty has been engaged by Sebi to assist in the sale of these properties. Of the 13 properties, seven are related to Rakhal Bharoti group of companies, two each of Orion Industries Ltd and Just-Reliable Projects India and one each of Sunheaven Agro India, and Ravikiran Realty. Inviting bids for the sale of the properties in the reco

Buying an auctioned property? Here is everything you need to know

Bidder shall always keep in mind that borrowers have certain rights in a property that is being auctioned, especially when the property is being auctioned due to loan default or mortgage foreclosure

Bank of Baroda-Sunny Deol row: When can a bank auction your property and why?

Banks have a right to possess the property without the involvement of a court on the condition that the borrower has defaulted on the loan.

Why did the Bank of Baroda want to auction Sunny Deol's Juhu bungalow?

On Monday, Bank of Baroda said it had withdrawn the auction notice for Sunny Deol's Juhu bungalow

With nearly $18-billion haul, this was best year for auction houses

This record year might say more about the nature of the auction house business than the art market itself

Sebi to auction properties of Bishal Group on Nov 30 to recover money

Capital markets regulator Sebi will auction as many as 10 properties of Bishal Group of companies on November 30 to recover money that was illegally raised by the firms from the public. These four firms are -- Bishal Abasan India Ltd, Bishal Distillers Ltd, Bishal Agri-Bio Industries Ltd, and Bishal Horticulture and Animal Projects Ltd, according to a public notice issued by Sebi last week. The 10 properties put on the block are vacant lands and a residential property located in West Bengal. Total reserve price of these properties is pegged at Rs 14.4 crore, the Securities and Exchange Board of India (Sebi) said in a notice. Inviting bids for the sale of recovery proceedings against the companies and its promoters/ directors, Sebi said auction of the properties will be conducted through online mode on November 30 during 10.30 am to 12.30 pm. Adroit Technical Services Pvt. Ltd has been engaged by the regulator to assist in the e-auction. The regulator has asked the bidders to make

Sebi extends property auction time of Mega Mould, Remac Realty till Aug 31

The regulator will auction a total of four properties of these two firms for a reserve price totalling Rs 4.05 crore. The auction will be conducted online from 1030 hours to 1230 hours.

Janet Jackson's Chevy truck takes $112,500 in record auction sale

The buyer of the truck is Arlan Hamilton, founder and managing partner of venture capital firm Backstage Capital

Six properties of Dawood Ibrahim in Ratnagiri auctioned today

Four of the properties were successfully bid by Delhi-based lawyer Bhupendra Bhardwaj in the virtual auction held today

HDFC to host month-long online property show featuring 150 projects

More than 75 developers from NCR to showcase theire projects starting Wednesday; Mumbai next on cards

Buying auctioned properties: Take a step back and research on legal issues

But one can do reasonable amount of groundwork, and take help from a seasoned lawyer

Property auctions become transparent but with riders

Otherwise, you could be saddled with dues left unpaid by previous owner