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mjunction expands e-auctions to real estate sector

Infra News - Published on Fri, 19 Apr 2019

Image Source: SteelGuru
PTI reported that B2B e-commerce company mjunction services Ltd has expanded its services in the real estate sector. mjunction, a 50:50 joint venture between SAIL and Tata Steel, conducted e-auctions in the housing and real estate sector for the Uttar Pradesh Awas Vikas Parishad (UPAVP). The company is planning to launch this service in other states as well. mjunction MD and CEO Mr Vinaya Varma said that “mjunction has provided a customised platform to UPAVD for selling their properties through e-auction. This is just the beginning, and we expect to extend this to other states in the near future.”

Commercial plots for group housing, schools, nursing homes and hospitals were up for e-auction across six zones of the UPAVP - Lucknow, Meerut, Bareily, Agra, Varanasi and Kanpur.

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Posted By : Rabi Wangkhem on Fri, 19 Apr 2019
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