Auction Ghar ™

💡 Smart Home Loan Tip: Save Lakhs on Interest with a Simple Strategy! 🏠💰 Are you aware that a small change in your repayment strategy can save you ₹24,00,830 in interest on a ₹50,00,000 home loan? 🤔 Here’s how: 🔢 Loan Snapshot 🎯 Loan Amount: ₹50,00,000 📅 Tenure: 20 Years 💼 Interest Rate: 9% 💸 Regular EMI: ₹44,986 Total Interest = ₹57,96,711 ✅ With 3 Extra EMIs Every Year: Total Interest = ₹33,95,881 🌟 💡 Your Savings:₹57,96,711-₹33,95,881= ₹24,00,830 How It Works: By repaying 3 extra EMIs annually (₹1,34,958), you reduce the loan tenure significantly, slashing interest costs. 🕒💵 💰 Why This Matters: 1️⃣ Achieve financial freedom sooner. 2️⃣ Free up funds for investments or other goals. 3️⃣ Secure your family’s future with less debt and potential stress. 📹 Watch this video where Sudapalli Jaya Prasad Rao, Co-founder & Director at Auction Ghar ™ shares the math behind the magic and learn how to take control of your home loan today! 👉 Follow us for more smart financial strategies to make your money work harder. 🎯 Start Saving Now – Your Future Self Will Thank You! 🙌 #HomeLoan #Financialplanning #financialawareness #PersonalFinance #debtmanagement #retailloan

💸 Understanding Loan Write-Offs: Myths vs. Reality 🏦 While write-offs are often misunderstood as a waiver, they serve a distinct purpose in the banking system. 📊 But here’s the reality—historically, banks recover very little from written-off accounts. ⚖️ 🔍 What is a Loan Write-Off? When a borrower fails to repay their loan for three consecutive months, the loan is categorized as a Non-Performing Asset (NPA) or bad loan. At this point, banks may opt to write off the loan. 📚 Why Do Banks Write Off Loans? 1️⃣ Balance Sheet Cleanup: It helps banks remove bad loans from their books, presenting a cleaner financial statement. 2️⃣ Record Maintenance: Despite the write-off, banks maintain records of unrecovered debts, keeping the door open for potential recovery. 💡 Does Write-Off Mean Waiver? Not at all. Writing off a loan doesn’t mean the debt is forgiven—it’s a financial accounting measure. However, the written-off amount no longer reflects in the bank’s net non-performing assets (NPAs) or gross income calculations. 👉 The Catch? Recoveries from written-off accounts remain dismal, raising concerns about effective debt recovery mechanisms. 💬 🔗 Join the conversation: How can banks improve their recovery rates while managing NPAs? Share your thoughts below! 💡 #BankingInsights #LoanWriteOffs #FinancialManagement #NPAs #NPARecovery #NPAResolution #DebtManagement

🌟 𝐊𝐚𝐫𝐧𝐚𝐭𝐚𝐤𝐚 𝐇𝐢𝐠𝐡 𝐂𝐨𝐮𝐫𝐭 𝐑𝐮𝐥𝐞𝐬 𝐢𝐧 𝐅𝐚𝐯𝐨𝐫 𝐨𝐟 𝐁𝐨𝐫𝐫𝐨𝐰𝐞𝐫𝐬: 𝐑𝐞𝐟𝐮𝐧𝐝 𝐨𝐟 𝐂𝐨𝐮𝐫𝐭 𝐅𝐞𝐞𝐬 𝐢𝐧 𝐍𝐏𝐀 𝐂𝐚𝐬𝐞 🌟 📜 𝐂𝐚𝐬𝐞 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: 1️⃣ A Contractor (Petitioner No. 1) and their guarantor (Petitioner No. 2) challenged the classification of their loan account as an NPA by Union Bank of India despite no default. 2️⃣ After disputes escalated, the case reached the High Court, seeking refund of ₹79,225 in court fees or a time-bound reconsideration by DRT. 3️⃣ The High Court ruled that in the absence of formal adjudication, litigants are entitled to a refund of court fees under equitable principles, even without explicit statutory provisions. ⚖️ 𝐋𝐚𝐧𝐝𝐦𝐚𝐫𝐤 𝐎𝐛𝐬𝐞𝐫𝐯𝐚𝐭𝐢𝐨𝐧𝐬: ✅ Fiscal statutes like the Court Fees Act must be interpreted to reduce burdens on litigants. ✅ Refusing refunds where cases are disposed of as infructuous is "not sustainable in law". 🔄 𝐎𝐮𝐭𝐜𝐨𝐦𝐞: The High Court set aside the DRT’s dismissal and remanded the case for fresh reconsideration, reinforcing fair treatment of borrowers in legal disputes. 💡 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲: This judgment underscores the importance of fairness and equity in legal processes, ensuring borrowers aren't unfairly penalized. #KarnatakaHighCourt #SARFAESI #LegalUpdate #BankingLaw #SecuredCredit #DRT #courtRulings #banks #nparecovery #nparesolution

📊 𝐀𝐬𝐬𝐞𝐭 𝐐𝐮𝐚𝐥𝐢𝐭𝐲 𝐨𝐟 𝐒𝐜𝐡𝐞𝐝𝐮𝐥𝐞𝐝 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐁𝐚𝐧𝐤𝐬 𝐑𝐞𝐚𝐜𝐡𝐞𝐬 𝐍𝐞𝐰 𝐇𝐞𝐢𝐠𝐡𝐭𝐬! 📉 🔎 As per the 𝐑𝐁𝐈 𝐑𝐞𝐩𝐨𝐫𝐭, asset quality of Scheduled Commercial Banks has shown 𝐫𝐞𝐦𝐚𝐫𝐤𝐚𝐛𝐥𝐞 𝐢𝐦𝐩𝐫𝐨𝐯𝐞𝐦𝐞𝐧𝐭, with: ✅ 𝐆𝐍𝐏𝐀 𝐑𝐚𝐭𝐢𝐨 moderating to a 12-𝐲𝐞𝐚𝐫 𝐥𝐨𝐰 𝐨𝐟 2.8% 𝐢𝐧 𝐅𝐘24. ✅ 𝐆𝐍𝐏𝐀 𝐒𝐭𝐨𝐜𝐤 dropping from ₹9.36 trillion in FY19 to ₹4.85 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐅𝐘24. 💰 𝐍𝐏𝐀 𝐖𝐫𝐢𝐭𝐞-𝐨𝐟𝐟𝐬: 📉 Write-offs reduced from ₹2.36 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐅𝐘19 to ₹1.70 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐅𝐘24. ⚖️ However, the 𝐖𝐫𝐢𝐭𝐞-𝐨𝐟𝐟 𝐭𝐨 𝐆𝐍𝐏𝐀 𝐫𝐚𝐭𝐢𝐨 has been steadily increasing due to moderate decline in write-offs vis-à-vis GNPA. 📈 These figures showcase a positive trajectory for India's banking sector! 🏦 𝑺𝒐𝒖𝒓𝒄𝒆: 𝑹𝑩𝑰 𝑹𝒆𝒑𝒐𝒓𝒕 Dr. Johnson Menezes - The Accidental Banker #GNPA #RBI #NPARecovery #NPAwriteoffs #NPAmanagement #nparesolution #banks #nbfcs

🏡 𝐔𝐧𝐥𝐨𝐜𝐤 𝐭𝐡𝐞 𝐒𝐞𝐜𝐫𝐞𝐭𝐬 𝐭𝐨 𝐒𝐦𝐚𝐫𝐭 𝐀𝐮𝐜𝐭𝐢𝐨𝐧 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭! 💰𝐖𝐡𝐲 𝐂𝐡𝐨𝐨𝐬𝐞 𝐀𝐮𝐜𝐭𝐢𝐨𝐧 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐢𝐞𝐬? ▶ Save Big! Enjoy discounts of 25-30% below market price. 🏷️ ▶ Prime Locations: Close to bus stops, metro stations, shopping malls, schools, and hospitals. 🚏🏫 ▶ Move-in Ready: Just minor cleaning and painting needed for a fresh start. 🎨✨ ⚠️ 𝐄𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥 𝐂𝐡𝐞𝐜𝐤𝐬 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: 1️⃣ 𝐋𝐞𝐠𝐚𝐥 𝐒𝐭𝐚𝐭𝐮𝐬: Verify there are no ongoing litigations (DRT, High Court, or Civil Courts). 🏛️ 2️⃣ 𝐏𝐞𝐧𝐝𝐢𝐧𝐠 𝐃𝐮𝐞𝐬: Check for unpaid taxes, maintenance fees, electricity bills, or builder charges. 💡💵 3️⃣ 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐚𝐥 𝐈𝐧𝐬𝐩𝐞𝐜𝐭𝐢𝐨𝐧: Look for cracks, seepages, or deviations with the help of a technical valuer. 🏗️🔍 💡 𝐏𝐫𝐨 𝐓𝐢𝐩: A little research ensures a profitable and hassle-free investment! 🔑 𝐑𝐞𝐚𝐝𝐲 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐚 𝐫𝐞𝐚𝐥𝐢𝐭𝐲? 𝐒𝐭𝐚𝐫𝐭 𝐞𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐭𝐨𝐝𝐚𝐲! https://lnkd.in/g9cVwsM6 Auction Ghar Dr. Johnson Menezes - The Accidental Banker Charles Jayaseelan #AuctionProperty #RealEstateInvestment #SmartBuy #HomeBuyingTips #PropertyHacks

📢 Understanding Home Loan EMIs: How They Work with Detailed Calculations 🏠📊 Dreaming of owning a home? A Home Loan EMI (Equated Monthly Installment) is a key step in turning that dream into reality. Let’s break it down with calculations: 1️⃣ EMI Formula EMI is calculated using this formula: EMI = [P x R x (1+R)^N] / [(1+R)^N-1] Where: P = Loan Amount R = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100) N = Loan Tenure (in months) 2️⃣ Example Calculation ✍️ Loan Amount (P): ₹50,00,000 Annual Interest Rate: 8% Tenure: 20 years (240 months) Step 1: Calculate Monthly Interest Rate R = 8% ÷ 12 ÷ 100 = 0.00667 Step 2: Apply Formula EMI = [50,00,000 x 0.00667 x (1+0.00667)^240] / [(1+0.00667)^240-1] Result: EMI = ₹41,822 3️⃣ Key Insights ✅ Interest Component: Higher at the start, reducing over time. ✅ Principal Repayment: Increases as tenure progresses. ✅ Total Outflow: ₹41,822 x 240 = ₹1,00,37,280 (includes ₹50,37,280 as interest). 💡 Pro Tip: Use prepayments or shorter tenures to save on interest. Make informed decisions with your financial goals in mind! 🛠️ Planning a Home Loan? Use EMI calculators or consult financial advisors for personalized advice. #HomeLoan #EMICalculation #FinancialPlanning #DreamHome 🏡

🎉 Exciting Milestone Achieved! 🎉 🚀 It gives us immense pleasure to share that our first-ever Investors Meet in Hyderabad today was a resounding success! 🏙️✨ 🤝 The event saw active participation from potential investors, business partners, and real estate industry experts, making it a vibrant platform for insightful discussions and networking. 🎤 Our Directors, Dr. Johnson Menezes - The Accidental Banker & Sudapalli Jaya Prasad Rao, shared their expertise on the distress assets market and highlighted the promising opportunities Auction Ghar offers for retail investors in this growing segment. 💡💼 🤝 A special shoutout to Ryzer, our valued partner, whose remarkable efforts played a pivotal role in ensuring the event’s success. Appreciate Surya Gedela & HARSHAVARDHAN RAJU CHERUKUMALLY from the Ryzer team who briefed the participants, the benefits of fractional ownership and the opportunities in real estate investment for retail investors. Our heartfelt thanks for their unwavering support and commitment. 💻🌟 🙏 Special thanks to our business partners for their incredible contributions! 🙌 🌟 Here’s to many more milestones as we move head in revolutionizing distress assets market ! 🌟 #InvestorsMeet #RealEstate #DistressAssets #Opportunities #Networking #Success #AuctionGhar #RyzerApp #Collaboration #Hyderabad

🔍 Summary of OA & SA Cases disposed off during FY20 to FY24 🔍 💼 In a growing economy, DRTs and DRATs are crucial pillars, ensuring the sustainability of the lending ecosystem and fostering a healthy credit environment. 🌱💸 Resolving NPAs: Supporting banks in efficiently managing non-performing assets (NPAs). Speedy Justice: Ensuring faster resolution and minimizing legal delays. Empowering Creditors: Strengthening the rights of banks and financial bodies. 🔗 Let’s Work Together for a Stronger Financial Future! #FinancialLiteracy #DebtRecovery #BankingIndia #DRT #DRAT #LegalFramework #SARFAESI #LegalUpdate #BankingLaw #SecuredCredit

✨ Invitation to the Distress Properties Investors Meet ✨ We are delighted to invite you to an exclusive gathering tailored for pioneering minds in distressed assets investment. Join us for a transformative event, bringing together industry leaders, seasoned investors, and innovative thinkers to explore cutting-edge opportunities and strategies in today’s dynamic distress properties market. Event Details: 📅 Date: November 18, 2024 📍 Venue: RAD, Jubilee Hills Road No 36, Hyderabad 🕒 Time: 3:00 PM Highlights of the Event: Insights from experts Dr. Johnson Menezes - The Accidental Banker on current market trends and forecasts. Exclusive opportunities in high-potential distress properties. Networking sessions with fellow investors and experts. Q&A sessions for personalized investment guidance. This event is more than just a meeting; it's a gateway to unlocking lucrative opportunities and expanding your investment horizons. #investorsmeet #distressproperties #wealthmanagement #realestate #proptech #realestatemeet

📈 Bank Asset Quality Improves, Despite Rise in SMA-2 Loans in Q2 FY25 📉 🔹 SMA-2 on the Rise: Some banks reported an increase in SMA-2 (Special Mention Accounts) loans, the overall asset quality has improved significantly in the July-September quarter. A few banks like Jammu & Kashmir Bank, RBL Bank, Bank of Baroda, Punjab National Bank, Bank of Maharashtra, Indian Bank, and Canara Bank noted an uptick in SMA-2 loans due to delayed payments from state or central government accounts. 🔸 NPA Ratios Remain Stable: State-owned banks reported net NPAs in the range of 0.20% to 0.98%, and private banks maintained their ratios between 0.2% and 1.50%, reflecting consistent asset management.