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Price Insights

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Loan Availability

We understand that securing a loan for auction properties can be challenging. That's why Hecta has partnered with select banks that offer loans specifically for such properties. With our easy loan availability, you can confidently explore your financing option and make your property purchase more accessible.

Request a Visit of the Property

Express your interest in a property by requesting a visit through Hecta by clicking on “I am interested”. We will coordinate with the authorized officer of the bank selling the property to arrange a convenient property visit. This allows you to get a firsthand look at the property and make an informed decision.

Possession Status

Hecta provides information on the possession status of properties. Physical possession indicates that the property is locked, and the keys are with the seller institution. In contrast, symbolic possession means that the seller institution holds legal rights to the property, but physical possession is yet to be taken. Knowing the possession status helps you understand the property's current state.

CERSAI Report

The CERSAI (Central Registry of Securitisation Asset Reconstruction and Security Interest) report plays a vital role in preventing fraudulent practices in property transactions. It provides information about the encumbrance status and helps verify the property's legal and financial history. At Hecta, we prioritize transparency and encourage buyers to access the CERSAI report to make informed decisions.

Encumbrance Certificate

An encumbrance certificate (EC) is a crucial document that validates the free title and possession of a property. It serves as evidence that the property is free from any financial or legal liabilities. Whether you are buying, selling, or applying for a loan against a property, an encumbrance certificate ensures a smooth and secure transaction.

Payment Process for Repossessed Properties

When purchasing repossessed properties through bank auctions, the payment process is simple and direct. As a buyer, you pay the sale price directly to the seller institution. Hecta facilitates this transparent payment process, ensuring a seamless transaction experience for all parties involved.

SARFAESI Act

The SARFAESI Act, short for the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, is a legislation enacted in India to empower banks and financial institutions to recover their non-performing assets (NPAs) efficiently. Under this act, banks have the authority to seize and sell properties of defaulting borrowers without court intervention. It provides a legal framework for the speedy resolution of distressed assets and helps in maintaining the stability of the financial system. The SARFAESI Act plays a crucial role in facilitating the recovery of loans and enabling banks to enforce their security interests effectively.

Disclaimer

• Information provided are on "As-Is" basis. Buyer(s) to apply discretion and required due diligence before investment. Refer T&C for details.
• Hecta.co is a website operated by Hecta Proptech Private Limited (“Hecta”) (CIN: U72200DL2021PTC386648) and by accessing the website and any pages thereof, you agree to be bound by its terms of service and privacy policy.
• Every effort is made to ensure that the information provided on the website is accurate. However, Hecta.co does not guarantee the accuracy or the authenticity of the information provided on its website and shall not be liable or responsible for any loss arising out of the purchase or investment made on the property.
• Direct and indirect purchase of real property involves significant risk and purchaser/investor(s) may lose value on the property and these are not guaranteed by Hecta. It is the responsibility of the Prospective Investor(s) to verify the integrity and authenticity of the information made available on the website. Investors must be able to afford to bear losses on investment made.
• Hecta.co does not endorse or promote any of the properties information that appear on its website for Investments nor make any recommendations regarding the same to any Investor. Prospective investors are not to construe anything on the website as a direct offer by Hecta. Any information made available from our website or links to websites, do not represent a solicitation of an offer to buy or sell any property.