Hecta™

2024 was a year of growth and milestones! None of this would have been possible without your support, and we’re excited about the endless possibilities 2025 holds! Thank you for being a part of our journey. We look forward to continuing to serve and grow with you in the coming year. Wishing you a joyful and prosperous new year! ✨ What’s your big resolution for the new year? Let us know in the comment section and let's make it happen together! Visit: www.hecta.co Download the Hecta app Android: https://shorturl.at/24Yl2 iOS: https://shorturl.at/tBrx1 #NewYearResolutions #Hecta2025 #FreshStart #MilestonesAchieved #GrowthJourney #NewBeginnings #RealEstateInnovation #Goals2025 #PropertyInvestments #AuctionProperty #RepossessedProperty #NPAs #SarfaesiAct #IndianBanks

IndusInd Bank plans to auction ₹1,573 crore worth of non-performing microfinance loans at a reserve price of ₹85 crore—a significant 95% write-down. The decisive move by the bank is to bring NPAs under control, optimize its portfolio, and create a path for a stronger, sustainable banking future. #IndusIndBank #NPA #Microfinance #LoanAuction #NonPerformingAssets #BankingFuture #FinancialStrategy #SustainableBanking #PortfolioOptimization #LoanWriteDown #BankingNews #FinancialReform #IndianBanking #InvestmentOpportunities #AssetManagement

🎄 From bustling metros to peaceful escapes, every branch of our Christmas tree holds a dream destination for you! #MerryChristmas🎅 Visit: www.hecta.co or Download the Hecta app Android: https://shorturl.at/24Yl2 iOS: https://shorturl.at/tBrx1 #ChristmasEve #ChristmasVibes #InvestSmart #PropertyGoals #Discount #IndianBanks #RepossessedProperties #NPA #SarfaesiAct #AuctionProperties #BankAuctions #HolidayInvestments #IconicCities #RealEstateDeals #SeasonOfDreams #FindYourHome #BankSeHectaPe

There’s a very high-profile case between loan defaulter and Union bank. Loan defaulters tend to react and pay only once they know that their property would get sold in the bank’s auction. The honorable Supreme Court ruled that defaulters lose the right to redemption once auction notice is released and upheld the sale of a secured property in an auction, under the #SARFAESIAct. The Plot nos. D-105, D 110 and D-111 respectively situated at the Trans Thane Creek Industrial Area MIDC Village Shirwane, Thane, Belapur Road, Nerul, Navi Mumbai, Thane, Maharashtra measuring 16,200 square meters, was auctioned during the 9th auction on June 30, 2023, with a reserve price of ₹105 crore, and was bought by Celir LLP for ₹105.05 crore. The loan borrower tried to repay the dues and stop the 9th auction after the notice was published. They also transferred the property to another party to block recovery. The Supreme Court ruled that under the SARFAESI Act, borrowers lose the right to repay once the auction notice is published. The Court confirmed the auction's validity and criticized the borrower for misusing legal processes to delay recovery. For further details, refer to the case of Celir LLP v. Sumati Prasad Bafna & Ors., Senior Advocates who represented the petitioner: Mukul Rohatgi, Neeraj Kishan Kaul, Raju Ramachandran Senior Advocates who represented the respondent: A.M. Singhvi, Parag Tripathi, Nikhil Nayar, Devadatt Kamat, Kapil Sibal, Chander Uday Singh The honourable Supreme Court of India passed some landmark judgements in the recent past, that protect the interest of the buyer under the SARFAESI Act. Three big judgments: 1) The Borrower loses the right to redemption once the auction notice is released. That is the power and sanctity provided to the release of Auction Sale notice under the SARFAESI Act now. Buyers can buy now with more Confidence. 2) The sale cannot be cancelled, unless the buyer defaults in making the payment of sale consideration. 3) When buying under SARFAESI Act, the Authorized officer can send a request letter to the respective SRO to update the title in Book 1, which is a transfer of title and reflect in encumbrance certificate. In such cases, the sale certificate issued by the bank is registered under the Registration Act with the payment of registration charges. The stamp duty is not compulsory. This means you save stamp duty of 6% to 7% of sale value. This is historic! Read the full article here: https://lnkd.in/d7YQyjXT Explore deals: www.hecta.co #SupremeCourtJudgment #PropertyAuction #BankAuction #LegalUpdates #LoanDefaulters #PropertyRecovery #BuyerProtection #LegalReforms #LandmarkJudgement #DebtRecovery #PropertyRights #RealEstateIndia #AuctionNews #PropertyBuyers #JudicialUpdates #IndianLaw #AuctionNotice #TitleTransfer #StampDutySavings

Banks have provisioned and wrote-off 12,00,000,00,00,000 worth of loans over the last ten years.. Once written-off, the lenders still hold the liabilities against borrowers and can sell the underlying collateral be it real estate or any asset as part of recovery efforts. Such is the opportunity to write-back. This Times of India article also states that 51% of the lending book is of PSU Banks, which is proportionate to the amount of loans written off. #LoanWriteOffs #BankingInsights #AssetRecovery #Lenders #Borrowers #RealEstateOpportunities #RealEstateInvestments #WriteBackPotential #PSUBanks #NonPerformingAssets #BadLoanResolution #RepossessedProperties #FinancialTrends #EconomicInsights #BankSeHectaPe

Now explore Axis Bank properties through the Hecta™ website and app. Visit: https://hecta.co/axisbank Download the Hecta app Android: https://shorturl.at/24Yl2 iOS: https://shorturl.at/tBrx1 #AxisBankMegaAuction #Hecta #RealEstate #PropertyInvestment  #MegaAuctionAxis #HectaExperience #RepossessedProperties #BankAuctionProperties #NPAs #SarfaesiAct #Residential #Commercial #ForSale #AtDiscount #ReadyToPossess #BankSeHectaPe

Amazon buys 38 acres for ₹450 crore—Explore such options at huge discount with Hecta™. ▪️10 Acres Land on HMT main road, Peenya Phase-1, Bengaluru Property URL: https://hecta.co/id/17433 ▪️23.9 Acres Land with an operational college in Puducherry Property URL: https://hecta.co/id/19747 ▪️0.75 Acres Redevelopment venture near Marine Drive, Mumbai Property URL: https://hecta.co/id/17695 ▪️28 Acres Land on Karjat main road, Mumbai Property URL: https://hecta.co/id/13125 ▪️15 Acres Land in Boisar, suburban, Mumbai Property URL: https://hecta.co/id/21836 ▪️6 Acres T3 terminal facing Land in Samalka, New Delhi Property URL: https://hecta.co/id/13003 ▪️5+ Acres Land on Bangalore–Chennai Expressway, Arakkonam Property URL: https://hecta.co/id/21822 DM or Express interest today! #LandBanks #DiscountedProperties #LandBankOpportunities #RealEstateInvestments #SmartLandBuys #CommercialLandDeals #LandFromBanks #RealEstateGoals #InvestSmart #PrimeLocations #BankPropertySavings #ExploreHecta #RepossessedProperties #Mumbai #NewDelhi #Chennai #Bangalore #Puducherry #BankSeHectaPe

From prime locations to budget-friendly options, Axis Bank’s Mega Auction, marketed by Hecta™, has it all! 📅 Scheduled for 12th & 19th December 2024. 🌐 Visit https://hecta.co/axisbank and start exploring today! #PropertyOpportunities #MegaAuctionAxis #HectaExperience #RepossessedProperties #BankAuctionProperties #AxisBank #NPAs #SarfaesiAct #Residential #Commercial #ForSale #AtDiscount #ReadyToPossess #RealEstate #BankSeHectaPe

✨ December Starts on a High Note! ✨ We’re thrilled to announce another successful deal: 🏡 Independent House in Punjabi Bagh, New Delhi 💰 Reserve Price: ₹12,07,00,000 🔥 Selling Price: ₹14,31,00,000 🚀 18.56% Higher Realization for Axis Bank Why Choose Hecta? We simplify property buying from bank auctions with advanced technology, streamlining discovery, due diligence, and transactions. Our smart algorithm seamlessly matches buyers with their ideal properties. The Result: Greater value for banks and buyers alike! Explore properties with Hecta™ today! Visit us: www.hecta.co #HectaAdvantage #SmartInvesting #RealEstateSuccess

Sold in eleventh auction at 50% higher value. A public sector #bank has put up a property for auction after a loan default for 11 times. They kept reducing the price, periodically to make it attractive. During 15 months, the price came down by 40%. And imagine the cost of publishing the sale notice in two newspapers, every time it was put up for auction. The total spend would have been comparable to the recovery made. Anyways, point is that we marketed it and brought multiple bidders in the #auction. We sold it for 50% higher. On the demand side, getting a commercial #property with rent yielding potential in #Gurugram for this price of 16 lakhs is nearly impossible in the open market. Banks and FIs can leverage our platform Hecta™ and our marketing efforts to sell early at a significantly higher realization.