Question 1

What is Neelamify?

Accepted Answer

Neelamify is India's largest bank auction property discovery platform. We aggregate auction notices from 40+ banks and NBFCs across 38 cities, presenting them in a clean, searchable format with all the details you need to evaluate and bid on properties.

Question 2

Are the listings on Neelamify verified?

Accepted Answer

Yes. Our team verifies each listing against the official bank auction notice before publishing. We cross-check reserve prices, auction dates, and property details. However, we always recommend independently confirming details with the bank before bidding.

Question 3

Is Neelamify free to use?

Accepted Answer

Yes, browsing and searching all listings is completely free. We offer paid Pro and Enterprise plans for advanced features like unlimited saves, daily alerts, document downloads, and API access.

Question 4

How do I sign up?

Accepted Answer

Click the 'Sign In' button in the top navigation. We use secure Manus OAuth — no password required. You can sign in with your existing Manus account in seconds.

Question 5

What is a bank auction property?

Accepted Answer

When a borrower defaults on a loan, the bank seizes the collateral property and auctions it to recover the outstanding amount. These properties are sold at reserve prices set by the bank, which are typically 20–50% below current market value.

Question 6

Is it safe to buy a bank auction property?

Accepted Answer

Bank auction properties are generally safe as the bank has clear title after the SARFAESI Act process. However, you should always conduct due diligence: verify the title, check for encumbrances, inspect the property, and consult a lawyer before bidding.

Question 7

What is EMD (Earnest Money Deposit)?

Accepted Answer

EMD is a refundable deposit (typically 10% of reserve price) that you must pay before participating in an auction. It demonstrates your seriousness as a bidder. If you win, it's adjusted against the purchase price. If you lose, it's refunded within 15 days.

Question 8

Can NRIs participate in bank auctions?

Accepted Answer

Yes, NRIs can participate in bank auctions for residential and commercial properties, subject to FEMA regulations. Agricultural land and plantation properties have restrictions. Consult a legal advisor for your specific situation.

Question 9

What happens after I win an auction?

Accepted Answer

After winning, you typically have 15 days to pay 25% of the bid amount, and the remaining 75% within 15–30 days. The bank then issues a Sale Certificate, which you register at the Sub-Registrar's office to complete the transfer.

Question 10

How do I search for properties?

Accepted Answer

Use the search bar on the homepage or go to the Search page. You can filter by city, property type, price range, bank, and auction status. Results update in real-time as you adjust filters.

Question 11

How do I save a property?

Accepted Answer

Click the heart/bookmark icon on any property card or listing page. Saved properties appear in your Dashboard under 'Saved Properties'. You need to be signed in to save properties.

Question 12

What are property alerts?

Accepted Answer

Alerts notify you when new properties matching your criteria (city, type, price range) are listed. Set up alerts in your Dashboard under 'My Alerts'. Pro users receive daily email alerts; Free users receive weekly digests.

Question 13

How current is the data?

Accepted Answer

We update listings daily. New auction notices are typically published 30 days before the auction date. We also update the status of ongoing auctions in real-time.

Question 14

What's included in the free plan?

Accepted Answer

The free plan includes browsing all listings, basic search and filters, saving up to 5 properties, and a weekly email digest. It's designed for casual browsers and first-time auction investors.

Question 15

What does the Pro plan add?

Accepted Answer

Pro adds unlimited saved properties, daily email alerts, auction document downloads (legal papers, property certificates), price history and trends, ad-free experience, and priority search results.

Question 16

Can I get a refund?

Accepted Answer

Yes, we offer a 7-day money-back guarantee on all paid plans. Contact support@neelamify.in within 7 days of your purchase for a full refund.

Question 17

Do you offer annual billing?

Accepted Answer

Yes! Annual billing saves you approximately 17% compared to monthly billing. You're billed once per year for the full amount.

Question 18

Is Neelamify a broker or agent?

Accepted Answer

No. Neelamify is an information aggregation platform. We do not act as a broker, agent, or intermediary in any auction transaction. All bids are placed directly with the respective bank.

Question 19

Are the auction details legally binding?

Accepted Answer

The information on Neelamify is for reference only. The official auction notice published by the bank is the legally binding document. Always refer to the bank's official notice for final terms.

Question 20

How do I report an incorrect listing?

Accepted Answer

Use the 'Report Issue' button on any listing page, or contact us at support@neelamify.in with the listing URL and details of the error. We investigate and correct issues within 24 hours.

Frequently Asked Questions

Getting Started

Bank Auctions

Using the Platform

Pricing & Billing

Legal & Compliance

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