The post-auction process explained.

Winning the bid is just the beginning. The clock starts ticking immediately.

Phase 1: Immediate Payment (24 Hours)

You must deposit 25% of the bid amount (less the EMD already paid) immediately, usually by the next working day. Failure to do so leads to immediate cancellation and EMD forfeiture.

Phase 2: Confirmation

The bank sends a specific letter confirming the sale, subject to the final approval of the 'Secured Creditor'.

Phase 3: Balance Payment (15 Days)

You have 15 days to pay the remaining 75%. You can ask for an extension up to 90 days, but this is legally the bank's choice, not your right. If you fail to pay, the entire 25% paid so far can be forfeited.

Phase 4: Sale Certificate

Once paid, the bank issues a Sale Certificate. This is your proof of ownership.