AuctionbrickZ
Price Range: from ₹5,00,000 to ₹5,00,000,000
Size Range: from 100 SqFt to 5,000 SqFt
Price Range: from ₹5,00,000 to ₹5,00,000,000
Land Area Range: from 200 SqFt to 9,99,999 SqFt

About AuctionbrickZ

welcome to AuctionbrickZ

We see change as opportunity, not a threat and start with the belief that there is a better way.

We understand that buying a property at auction can be a daunting process, which is why we guide our clients through every step—ensuring transparency, professionalism and the best possible value. Whether you’re looking for residential, commercial or land properties, we are committed to helping you find the perfect investment that aligns with your goals.

In just over 6 months, AuctionBrickz has helped over 100+ individuals find great property deals at unbelievably undervalued rates. Join us and discover how bank auction properties can offer exceptional opportunities for growth and wealth-building.

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Flat House Office Villa

What We Are

We are a trusted platform that connects buyers with verified bank auction properties across Bangalore with complete transparency.

Authentic Bank-Sourced Listings

We collect all property details directly from banks for complete reliability.

Verified Property Information

We ensure every listing is checked for legal accuracy before it is published.
AuctionbrickZ loan services

Clear Documentation Assistance

We guide you through paperwork and compliance so nothing feels complicated.

Get Personalised Support

Transparent Auction Guidance

Every step is explained clearly so buyers understand the auction process with ease.

Support from Search to Sale

Our team stays with you from discovering a property to completing the auction.

Professional Advisory Team

Experienced experts help you choose the right asset based on your goals.

Frequently Asked Questions

An e-Auction (electronic auction) is an online auction system where buyers and sellers participate in a bidding process over the internet. In an e-auction, participants place bids on goods, services or assets and the item is awarded to the highest bidder once the auction closes. It’s essentially a digital version of the traditional auction process.

  • Online Platform: The auction process happens on a digital platform or website, enabling participants to bid remotely.
  • Bidding Process: Buyers submit their bids in real-time and prices may change dynamically based on the number of bids placed.
  • Time-Based: E-auctions usually have a defined start and end time, after which the auction is closed and the highest bidder wins.
  • Transparency: In many e-auction platforms, the bidding process is transparent, meaning all participants can see the current highest bid (though sometimes bidder identities can be kept anonymous).

Auction events can be either private or public, depending on how they’re organized and the audience they’re intended for. Our platform is the public event wherein interested buyers can participate.
Public Auctions

Open to the General Public: Public auctions are generally open to anyone who wants to participate, whether they’re buyers, sellers or observers.
Transparency: In many public auctions, the bidding process is visible to all participants, and anyone can see the current highest bid. This is often the case with online auction platforms like eBay or in physical auctions.
Examples:
Bank auction’s:- buyers & investors are who are interested in the asset which is auctioned by any Bank are welcome to participate the e-auction by just making the EMD payment.

The SARFAESI Act stands for Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
It is an Indian law enacted to empower banks and financial institutions to recover their non-performing assets (NPAs) without needing court intervention.

If a borrower fails to repay after the notice period (60 days), the lender may:

  • Take possession of secured assets
  • Take over management of the borrower’s business
  • Appoint a manager to manage the secured assets
  • Sell or lease the assets to recover dues
Meaning: The bank/lender declares that it has taken possession of the property on paper, but the borrower is still physically occupying it.
How it is done:After the 60-day demand notice under Section 13(2), if the borrower does not repay, the bank issues a possession notice under Section 13(4).
The notice must be:
  • Affixed on the property
  • Published in 2 newspapers (one in vernacular language)
  • Borrower continues to stay/use the property (but cannot legally sell or transfer it).
Next step: Bank must apply to the District Magistrate / Chief Metropolitan Magistrate (DM/CMM) under Section 14 to obtain physical possession.
Symbolic possession is only a legal declaration, not the actual takeover.
An auction reserve price is the minimum price at which a property or asset can be sold in an auction.
Under SARFAESI Act
When banks auction property of a loan defaulter:
  • A valuation is done
  • Bank fixes a reserve price
  • It is mentioned in the e-auction sale notice
  • Bids are accepted only if equal to or above that price
Example
If the reserve price for a property is ₹60,00,000, then:
  • Bids of ₹58,00,000 or ₹59,50,000 ➤ ❌ Cannot be accepted
  • Bids of ₹60,00,000 or higher ➤ ✔️ Can be accepted

To participate in an auction, a bidder typically needs to go through a registration process on the auction portal or platform. The specific steps can vary depending on the auction website, but here’s a general overview of the registration process.

1. Visit our Auction Website
Access the auction portal: Navigate to the auction website where the auction is being held. For example, eBay, a government auction site or a private auction house like Christie’s.
2. Create an Account or Sign In
New bidders: If you’re a first-time participant, you’ll need to create an account. Typically, you’ll need to provide basic information like

  • Full Name
  • Government I’d
  • Email Address
  • Phone Number
  • Physical Address (for shipping, if you’re purchasing goods)
  • Payment Information (Debit card, RTGS, Netbanking, DD or Cheque, etc.)

Existing bidders: If you already have an account, simply log in using your username and password.
3. Agree to Auction Terms and Conditions
Accept terms: Most auction platforms require bidders to agree to their terms and conditions, which outline the rules of participation, fees and any legal obligations.
Confirm legal age: Some auctions (like real estate or certain government auctions) might require you to confirm you’re of legal age to participate.

It is recommended to have an uninterrupted internet connection with a speed of 256 KBPs or higher; please ensure that during the Auction process the internet connection should not be interrupted.

Banks usually auction properties under the provisions and the procedure prescribed under the SARFAESI Act. Properties are auctioned when borrowers fail to pay back loans after mortgaging them.

Before 2002, banks faced long delays in court while trying to recover loans from defaulters. The SARFAESI Act gave lenders faster and stronger legal tools to seize and sell secured assets.

In the context of loan recovery under the SARFAESI Act, the terms Symbolic Possession and Physical Possession refer to two different stages of taking control over a secured asset (such as a property) from a loan defaulter.

The bank/lender actually takes control of the property and the borrower is evicted from the premises.
How it is done:
DM/CMM orders officials, often with the help of police, to assist the bank Occupants are removed, locks may be changed
After physical possession:
Bank can conduct auction / sale of the property to recover dues.
Physical possession is the final and real takeover of the property.

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