BankAuctions.in

  • Hyderabad, India
  • Services, Internet, E-commerce

Foreclosureindia.com- Exclusive free Bank Auctions listing portal & BankAuctions.IN - e-Auction Service provider - Seeks funding

Founded:
2009
Stage:
Steady Revenues
Market:
B2C

Startup Video

Featured

Image

Live Mint- 26.9.2012 How to Bid for properties on Auction | http://blog.foreclosureindia.com/wp-content/upl...

Image

Wall street Journal - 1.6.2010- Foreclosed Homes Listings, Now in India | http://blogs.wsj.com/indiarealtime/2010/06/01/f...


Founded

Forelosureindia.com launched.

Nov

2009

Media Coverage

Wall Street Journal' article about us"Foreclosed Homes Listings, Now in India"

Jun

2010

Media Coverage

Live Mint article " How to Bid for properties on Auction "

Sep

2012

Jobs


Team Summary

Yerneni Bhargav, Managing partner
Y P Rao, Founder,
S S H Satyanarayana, Chief General Manager, A retired Asst. General Manager of SBI
B S Babu Rao , General Manager, A retired Chief Manager of SBI
Dr Vidyanandam K, Ph.D , General Manager, A retired Chief Manager of SBI
N R Viswanathan, B.Com, Manager
U Subba Rao, MBE , Manager
Ch..Priyanka, MBA, Manager
and 8 others

Team


Product/Service Summary

a. “ e – publicity” : ForeclosureIndia.com publishes the Auction notices online in 34 cities. Daily free e mail alerts are being sent to 63,000 registered investors to select required properties.
b. “ e-auctions” : one among seven e Auction service providers in India.
c. "open ended Auctions"-to sell technically written off NPA's of Banks

How are we different?

a. E - Publicity - i. Free access to all visitors, unlike some paid portals. ii. Free E mail alerts on daily basis. iii. Publicity in 2 more websites.
b. E - Auctions - i. Success rate is high due to wide publicity, ii. Lowest price iii. Exclusively working on NPA's.
c. Open ended Auctions- Affordable solution to Reduction of written off NPA's.

Product/Service Descriptions