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Newly Wed Woman Makes Rs. 15000/Day by Working from Home 2/12/2020 Magicbricks lets lenders improve home loan recovery - Times of India (https://adclick.g.doubleclick.net/pcs/click? English | Epaper (http://epaperbeta.timesofindia.com/) | GadgetsNow xai=AKA15Ojss-(https:/(h/ttwtpitste:/(hr/.wcttowpmsw:/(.tfh/imattimctpeesbos:so/o/fiowfinkwndia.diacwo.)ym.oin/uTd Log in& Claim your 1 point SIGN IN (https://www.gadgetsnow.com/) LToLVQF2xeaNAe3fwpq3iMLDcd51zIY12PT- 3Cdk0mmqPSQEJg4e45_VzK8f0pOLXVViGydy 3rUHmYxovaza3xO2sTHOBT9DXSKDdPqBcVtE_ HsZxvbWZGl4CPPWlRogwaK_K5GDMyzpx7j&sig BUSINESS cid=Display|TOI|Domestic_Sale|Image_Ad|125x6 (httpBs:u//tsinmeessso (finhttdpisa:.//tindimiaetismofines.dcioam.in/)diatimes.com/business) India Business (https://timesofindia.indiatimes.com/business/india-business) International Business (https://timesofindia.i Budget (https://timesofindia.indiatimes.com/business/india-business/budget) IFSC (https://timesofindia.indiatimes.com/business/india-business/ifsc-bank-codes) PAN Card (ht NEWS (HTTPS://TIMESOFINDIA.INDIATIMES.COM/) / BUSINESS NEWS (HTTPS://TIMESOFINDIA.INDIATIMES.COM/BUSINESS) / INDIA BUSINESS NEWS (HTTPS://TIMESOFINDIA.INDIATIMES.COM/BUSINESS/INDIA-BUSINESS) / MAGICBRICKS LETS LENDERS IMPROVE HOME LOAN RECOVERY TOP SEARCHES: Nirmala Sitharaman (https://timesofindia.indiatimes.com/topic/nirmala-sitharaman) India Budget (https://timesofindia.indiatimes.com/business/india-busin Magicbricks lets lenders improve home loan recovery TNN | Feb 11, 2020, 04:00 IST (/articleshowprint/74071584.cms) Ad Invest In Mutual Funds WIth ET Money! ETMoney Mumbai: Magicbricks (https://timesofindia.indiatimes.com/topic/Magicbricks) is helping small lenders improve recoveries in home loans by providing an e-auction platform for foreclosed properties. Lakhs of such properties are expected to come to the market given that housing is turning out to be the largest loan segment for banks. According to Magicbricks CEO Sudhir Pai (https://timesofindia.indiatimes.com/topic/Sudhir-Pai), banks and sellers are looking to liquidate their repossessed assets through credible platforms. “This has opened up a window of opportunity for banks and non- banking financial companies (NBFCs) to leverage Magicbricks for e-auction and recover some of their investments,” he said. Besides offering lenders an e-auction platform, which has certification by the government, Magicbricks also offers its retail reach. Magicbricks is part of the Times Group (https://timesofindia.indiatimes.com/topic/The-Times-Group), which publishes this newspaper. Ad Career Journal Newly wed woman makes Rs. 15000/day by working from home. VISIT SITE Recommended by COLOMBIA According to Care Ratings, the share of home loans to GDP has grown from 5.3% in 2004 to 9.1% in 2018. “The mortgage-to- GDP ratio for India is expected to grow significantly over the next few years as this is low, compared to other developing + countries,” the report said. Outstanding home loans stood at Rs 12 lakh crore as of June 2019, according to TransUnion Cibil https://timesofindia.indiatimes.com/business/india-business/magicbricks-lets-lenders-improve-home-loan-recovery/articleshow/74071584.cms 1/8 2/12/2020 Magicbricks lets lenders improve home loan recovery - Times of India (https://adclick.g.doubleclick.net/pcs/click? (https://timesofindia.indiatimes.com/topic/TransUnion-Cibil) data. Assuming defaults of even 1%, the repossxeai=sAsKAeOdjss -property LToLVQF2xeaNAe3fwpq3iMLDcd51zIY12PT- market would stand at Rs 12,000 crore. 3Cdk0mmqPSQEJg4e45_VzK8f0pOLXVViGydy 3rUHmYxovaza3xO2sTHOBT9DXSKDdPqBcVtE_ HsZxvbWZGl4CPPWlRogwaK_K5GDMyzpx7j&sig A host of lenders — including SBI (https://timesofindia.indiatimes.com/topic/SBI), Indian Overseas Bank, Unicid=oDisn pBlaya|TnkOI|Domestic_Sale|Image_Ad|125x6 (https://timesofindia.indiatimes.com/topic/Union-Bank), Indian Bank (https://timesofindia.indiatimes.com/topic/indian-bank), Saraswat Bank (https://timesofindia.indiatimes.com/topic/Saraswat-Bank) and UCO Bank — have used the platform to liquidate their re-possessed assets. Customers buying repossessed homes can also draw comfort from the fact that the banks have already done all the appraisal with respect to the property. “One must remember that all these properties have been put up by banks that have their own robust due diligence process. However, customers would be best advised that the properties put up for e-auction are on ‘as in, where in’ basis. This means that buyers should also avail the services of a lawyer to get the due diligence done,” said Pai. “With more and more home buyers coming online and monthly traffic exceeding 20 million visits, we have become the automatic choice for all banks. In the last few years, e-auctions on Magicbricks have also improved retail reach and listings quality. It also offers a transparent process and educates customers while offering a level playing field through a transparent price discovery system,” he said. Download The Times of India News App (http://get.timesofindia.com) for Latest Business News (http://get.timesofindia.com). Ad Afinoz Need Instant money? New to credit? No issues! Get funds NOW VISIT SITE Recommended by COLOMBIA https://timesofindia.indiatimes.com/business/india-business/magicbricks-lets-lenders-improve-home-loan-recovery/articleshow/74071584.cms 2/8 2/12/2020 Magicbricks lets lenders improve home loan recovery - Times of India (https://adclick.g.doubleclick.net/pcs/click? FROM AROUND THE WEB xai=AKAOjss- LToLVQF2xeaNAe3fwpq3iMLDcd51zIY12PT- 3Cdk0mmqPSQEJg4e45_VzK8f0pOLXVViGydy 3rUHmYxovaza3xO2sTHOBT9DXSKDdPqBcVtE_ HsZxvbWZGl4CPPWlRogwaK_K5GDMyzpx7j&sig cid=Display|TOI|Domestic_Sale|Image_Ad|125x6 Poonam Saxena makes Rs.8500/day from home! Price starting at ₹ 52.9 Lakh Born b/w 1965-85? Get 1 Cr Term Insurance at ₹ 1884/month* Ad Career Times Ad The Volvo XC60 Ad Policybazaar How I make Rs.8500/day from home! Year-End Deals On Best Weight Loss Packages At Need Instant money? New to credit? No issues! Top Clinics Get funds NOW Ad Career Times Ad Ketogen Advance Ad Afinoz Actor Riteish Deshmukh's net worth will leave you Sunny Leone reveals the bizarre requests she gets Neena Gupta reveals that she was 'tortured by her shocked from fans boyfriend' The Times Of India The Times Of India The Times Of India Your car deserves best, accessories and insurance Earn More Than Savings Account With ET Money FREE - Get 1 Month Free Gaana+ subscription too. Ad Bajaj Allianz Ad ETMoney Ad Gaana Book homes with your colleagues & get spot Meet the finalists of The Artisan Awards 2020 Wattpad’s writing contest winners list is out discounts Ad Times Festival of Homes Ad GJEPC Ad Wattpad Shwetha Srivatsav shares this adorable video of Brahms: The Boy 2 - Official Trailer Hacked | Song - Lavkar Love Karuya herself The Times Of India The Times Of India The Times Of India POST A COMMENT https://timesofindia.indiatimes.com/business/india-business/magicbricks-lets-lenders-improve-home-loan-recovery/articleshow/74071584.cms 3/8 2/12/2020 Magicbricks lets lenders improve home loan recovery - Times of India INCOME TAX (HTTPS://TIMESOFINDIA.INDIATIM… IFSC CODE (HTTPS://TIMESOFINDIA.INDIATIME… MUTUAL FUNDS FAQS (HTTP(hStt:/p/sT:I/M/adcESlicOkF.IgN.doDIuAble… click.net/pcs/click? MORE FROM xai=AKAOjss- TIMES OF INDIA GOLD FAQS (HTTPS://TIMESOFINDIA.INDIATIM… INDIA BUSINESS (HTTPS://TIMESOFINDIA.INDIA… NPS FAQS (HTTPS://TIMESOFLTINoLDVIAQ.F2INxDeIaANTAIMe3EfSw…pq3iMLDcd51zIY12PT- BUSINESS 3Cdk0mmqPSQEJg4e45_VzK8f0pOLXVViGydy BUSINESS NEWS (HTTPS://TIMESOFINDIA.INDI… SENSEX (HTTP://TIMESOFINDIA.INDIATIMES.C… GST (HTTP://TIMESOFINDIA.I3NrDUHIAmTYIMxoEvSa.zCaO3xMO/2Bs…THOBT9DXSKDdPqBcVtE_ HsZxvbWZGl4CPPWlRogwaK_K5GDMyzpx7j&sig cid=Display|TOI|Domestic_Sale|Image_Ad|125x6 STORIES (HTTPS://TIMESOFINDIA.INDIATIMES.CO PLUS) SEE ALL Eligible for two (htschemestps://timesofin diabut.india thesetimes.com/india/eligible-for-two- schpatientsemes-but-th estillse-p acantients’t-s till-cg…ant-get-money-for- transplants/articleshow/72901034.cms) (https://timesofindia.indiatimes.com/india/should- marriage-be-a-24x7- job/articleshow/73978581.cms) (https://timesofindia.indiatimes.com/city/delhi/delhi- elections-story-of-the-capitals-flip-flops-in-9- maps/articleshow/73979325.cms) (https://timesofindia.indiatimes.com/india/is- hyderabad-the-next- bengaluru/articleshow/73952958.cms) https://timesofindia.indiatimes.com/business/india-business/magicbricks-lets-lenders-improve-home-loan-recovery/articleshow/74071584.cms 4/8 2/12/2020 Magicbricks lets lenders improve home loan recovery - Times of India (https://adclick.g.doubleclick.net/pcs/click? xai=AKAOjss- LToLVQF2xeaNAe3fwpq3iMLDcd51zIY12PT- BUSINESS NE3CWdk0SmmqPSQEJg4e45_VzK8f0pOLXVViGydy 3rUHmYxovaza3xO2sTHOBT9DXSKDdPqBcVtE_ Stock Market HolidayHssZxvRbeWnZtG Al4gCrPePeWmlReongtw FaoKr_mK5aGt DMyzpx7j&sig cid=Display|TOI|Domestic_Sale|Image_Ad|125x6 (https://timesofindia.indiatimes(.hctotmps/:bu//timsineessosfi/inndiadia.-indiatimes.com/busine business/stock-market- agreement-format-here-is-a- holidays-in- sample-for- 2020/articleshow/73042751.cmresf)erence/articleshow/72348042.cms) Bank Holidays 2020 Bank Holidays in (https://timesofindia.indiatimesJ.caonmu/buarysiness/india- business/bank-holidays-in- (https://timesofindia.indiatimes.com/busine 2020/articleshow/73032195.cmfasq)s/bank-holidays-in- january-2020-heres-the- complete- list/articleshow/73055227.cms) Savings Growth Atal Pension Yojana Calculator (https://timesofindia.indiatimes.com/busine (https://timesofindia.indiatimesf.uconmd-f/buaqsin/kensosw/in-adiall-a-bout- business/savings-growth- atal-pension-yojana- calculator) apy/articleshow/63726752.cms) Sukanya Samriddhi
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