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PNB Housing Finance has partnered with Magicbricks, a realty portal for e-auction of re-possessed properties.
Prasanna Singh, National Head – Collections, PNB Housing Finance said, “With growing penetration of online transaction the trend towards e-auctions of properties has picked up speed in India. We foresee it as a viable ground and hence have partnered with Magicbricks to offer our re-possessed property to customers at attractive rates.”
Further, according to Magicbricks, the first e-auction will be done on November 27, and it consists of auction of 45 properties. Customers can log on to auctions.magicbricks.com to register by November 24. Moreover, these properties will be available for quick possession.
