Auction notices sourced from published bank, NCLT and government listings
Guide
Possession status is the single biggest difference between an auction bargain and a multi-year problem. It is stated in the notice, usually in one line.
The lender has already taken control of the asset and the previous occupant has moved out. After the sale certificate is issued, you get the keys without a separate fight.
Notices often say 'physical possession' or 'vacant possession'. This is the lower-risk option and typically attracts more bidders.
The lender has issued a possession notice on paper but the borrower or a tenant may still be occupying the property. The buyer inherits the job of getting the asset vacated.
That normally means an application to the District Magistrate or the Debts Recovery Tribunal. It can take months and involves legal cost you must add to your bid ceiling.
Read the possession line in the notice, then verify it on the ground during the inspection window. If the notice is silent, ask the authorised officer named in the notice in writing.
A lower reserve price on a symbolic-possession lot is usually pricing in that risk, not offering free value.
