Property Auctions in India: A New Horizon for Real Estate Industry

Real Estate Industry in India has always been a buzz among the developers and buyers equally. With a rapid growth in India’s economy and the population of course, people are looking forward to making real estate as their first preference for investment. With a slight downfall in the industry, it has become a task for the developers to sell their properties. With such a tough competition, it is vital for every developer to carve a niche in the market and mark its presence for the buyers.

Biddinghouse.com, a real estate portal has emerged as a perfect marketplace for developers and buyers to sell and buy properties online. What makes Biddinghouse.com different from other property portals is auctioning the properties online using the method of bidding. Whether it is about bidding house or commercial space, this property portal has made it easy and accessible for people to explore a plethora of real estate in just one click.
 
Biddinghouse.com has provided three options for the buyers to bid for a residential or commercial space. These three options include ‘Live Bid,’ ‘Bid Room,’ and ‘Make an Offer.’ While the former two methods are derived from the traditional auction process, ‘Make an Offer’ is a way that has added a twist to the online bidding scenario.

Using ‘Make an Offer,’ a buyer can propose an amount directly to the seller online. If the seller finds the proposed amount suitable, he can directly contact the buyer and proceed for further procedure. To raise a direct offer to the seller, the buyer first needs to register himself with the Biddinghouse.com. After successfully registering with the portal, the buyer needs to search through the category titled under ‘Make an Offer.’

Once the buyer finds a suitable property, residential or commercial, he needs to propose his interest in the property while offering a suitable price. Once the seller receives the request from the buyer, he can check the buyer’s profile and proceed if he finds the offer genuine. After this, the buyer and the seller can directly contact each other for further formalities.

Make an Offer is a convenient and quick process of bidding house online. It allows the buyer to eliminate the hassle of waiting for a long time in order to get the final bid results. It also benefits the seller with a genuine price for his listed property.

Biddinghouse.com is leading online firm for real estate auction in India and it has collaborated with some of the renowned property brands on its platform. It is an easy and convenient way of exploring the luxury properties in Delhi and NCR.