Frequently Asked Questions

Know everything about Bank auction properties

Can we get the property papers for inspection before applying for auction?

Yes. Authorized officers for the auction will offer to show property papers in their branch office. They can also share the list of property papers online and sometimes they share copies of property papers too. If you apply through Hecta and order a visit report, our property advisor will arrange the encumbrance certificate. Copies of property papers with bank can also be arranged from on a best effort basis but can’t be guaranteed since banks may not always show papers to a third party.

Is my ordered visit report exclusively for me?

Yes, the property visit report will be exclusively available to you. However, Hecta’s algorithm identifies properties to be profiled on an ongoing basis and we can also get the same property profiled for us. In case our algorithm picks the same property for profiling, we will refund the full amount paid by you.

Property I’m interested in does not have a visit report, can I get a report for property of my interest?

Yes, you can request a property visit report which will be delivered within 3 working days, for the cities we cover.

How much I need to pay for this report?

Each report is priced at INR 2,499 for the cities we cover. If the request is for a property that we don’t have coverage, we’ll do our best to find the professional. However, additional travel costs up to INR 7,500 can be added.

Who prepares this report?

The report is prepared by skilled and authorized real estate professionals.

Can I rely on this report?

This report has so much information that is factual and helps you make that preliminary assessment. Some of the data can be verified online such a dues on respective utilities’ websites, circle rate from registration and stamps department website. It is done by trained, registered and empanelled professional. However, we encourage you to see the property yourself before buying, given it is a high value transaction.

What is the accuracy of this report?

Visit reports are best-effort compilation of facts and data based on available information and access to the property. This is done by a real estate professional, who is trained and empanelled.

What is Hecta property visit report?

Potential buyers can evaluate properties remotely with Hecta’s property profiling site visit report. It covers details on location, shape, size, pictures, possession details, amenities, market price, among others.