India, Oct. 31 -- PA properties, repossessed by banks are flooded in the real estate market. These properties are offered at discounted rates as banks already have huge margines while funding them. While repossessing, banks are interested in getting their loans made good.

SBI have come up with e-auctions of more than 1000 such properties. The e-auctions will invite people to bid online. The SBI website said " We at SBI are very transparent when putting immovable properties, mortgaged with the Bank / attached by Court order to auction, by furnishing all the relevant details that can make it an attractive proposition for bidders to participate in the auctions. We also incorporate all relevant details and state whether the same is freehold ...