A new trend has been seen emerging in the arena of online real estate services. Property portals in India have been supporting this concept since this attempt was a huge success in other developed countries. Property portals are now taking up online auctions for property with many reputed banks showing interest in this concept. The procedures involved in online auctions are more is less similar to that of offline auctions. Firstly advertisements inviting bids will be published in daily newspapers, just a month before the auction. Interested parties submit their bids in sealed envelopes along with a prescribed deposit amount. The bidder is then given a form which has to be submitted to the auctioneer. The username and password will be given to the bidder once the completed form has been submitted. On a given date and time, bidders will have to login using the given username and password on the property auction portal. Auction will take place live on these portals. Bidders from across the nation will be bidding at the same time on these property portals. The bidders also have an option to revise their bids after reviewing inputs from other bidders. Soon online property auctions will take over the existing offline auctions thereby simplifying the process for bidders and auctioneers across India.займ на карту без отказов круглосуточновзять кредит онлайн