Do you think prospective home buyers in Mumbai would benefit looking at flat auctions as a possible option?
Auction is one of the best methods to buy a property. Buying property in a pre-foreclosure stage may offer the best bargains, but it is equally difficult. Renovations to the foreclosed property appreciate its value and your profit margins can be huge when selling them. If you are a risk taker, a foreclosure or even a short sale could be right for you.

How does a person know about flat auctions? Are they advertised?
Yes. Most of the auction deals are known through advertisements. However, banks also contact High Networth Individuals (HNI) through their data base who are potential buyers.