433 live listings

Symbolic Possession — Bank Auction Properties

Symbolic-possession auctions: the bank holds title but the property may still be occupied. Post-purchase possession proceedings under Section 14 of SARFAESI may be required.

Live Listings
433
Avg Reserve
₹94.76 L
Active Banks
12
States Covered
10

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Frequently asked

Physical vs symbolic possession — what's the difference?

Physical possession means the bank has taken control and the property is vacant. Symbolic possession means the bank holds title on paper only; the property may still be occupied.