Why we built Bhoomi
Indian property buying has too often depended on private calls, unclear pricing, and weak documentation. A buyer is asked to commit serious money before they can compare demand in the open. A seller is asked to rely on informal negotiations instead of a transparent process.
Bhoomi Auction was built to make the important parts visible: verified identity checks, published auction rules, documented bid history, clear deposit timelines, and public property facts. We do not want buyers to guess whether there are real competing bids. We do not want sellers to guess whether a buyer is serious.
Our job is to create a disciplined marketplace for Indian property: fewer promises, more records; fewer private-call decisions, more written timelines. The platform will keep improving, but the principle will stay the same: if money is at risk, the process must be understandable before the user clicks.
How KYC works
KYC is required for buyers and sellers before they can take serious action on the platform. Buyers complete PAN and Aadhaar checks so the bid trail is tied to a verified person. Sellers complete identity checks before listings can be approved.
PAN check
Confirms tax identity and helps match auction records to the verified account holder.
Aadhaar check
Confirms identity for platform verification and helps prevent duplicate bidder accounts.
How the Refundable Security Deposit works
- 1
Deposit
Transfer the property-specific Refundable Security Deposit (EMD) amount by NEFT/RTGS and submit your UTR plus receipt.
- 2
Bid
After verification, bidding is unlocked for that property. The deposit is not an extra bid amount.
- 3
Win or lose
If you win, the next-payment instructions are shared. If you do not win, the deposit moves to refund.
- 4
Refund
Non-winning bidders receive the refund within 30 working days from the date of auction. Public or national holidays may extend the timeline.
What happens after you win
- 1
Winning confirmation
You receive the final bid amount, settlement instructions, and the payment schedule.
- 2
Payment
Pay the required amount by NEFT/RTGS within the listed timeline. Any statutory taxes or registration costs remain separate.
- 3
Document verification
Review title documents, encumbrance status, approved layout, RERA certificate where applicable, and seller authority.
- 4
Registration
Buyer and seller complete sale deed execution, stamp duty payment, registration appointment, and required identity checks.
- 5
Handover
Possession, keys, site access, and original document transfer are coordinated as per the final sale terms.
Bhoomi's platform role
Bhoomi Auction is a technology platform, online marketplace, auction-process facilitator, and intermediary for third-party property listings. Bhoomi does not own, sell, certify, value, inspect, construct, develop, register, mutate, or guarantee any property.
Words such as verified, checked, reviewed, approved, KYC checked, or document received mean limited platform-level checks only. They do not certify title, ownership, possession, valuation, RERA compliance, SARFAESI compliance, encumbrances, dues, boundaries, structural safety, marketability, or transferability.
Auction result
Buyer due diligence
Before paying the Refundable Security Deposit (EMD), bidding, signing, registering, or taking possession, the buyer should independently verify title, seller authority, co-owner or family claims, encumbrances, litigation, mutation, land use, approvals, RERA status, SARFAESI status, possession, boundaries, measurements, structural condition, taxes, dues, stamp duty, GST, TDS, and their own legal eligibility to buy.
Bhoomi does not conduct or certify this property-level due diligence. Buyers should use qualified legal, revenue, tax, valuation, and structural professionals before committing money.
Grievance redressal
Support and escalation
Email: bhoomiauction@gmail.com
Grievances are handled under the applicable legal timeline, including faster action where law requires urgent takedown.
RERA compliance and SARFAESI
RERA
Where a property is required to be registered under the Real Estate (Regulation and Development) Act, the listing should carry its RERA registration details. Buyers should verify the project registration, promoter details, and approved plans before payment.
If Bhoomi's role for a state or project requires real-estate-agent registration, the transaction should not be activated unless the applicable registration or authorised channel is in place.
SARFAESI and bank auctions
Some properties may be sold by banks or financial institutions under the SARFAESI framework after borrower default. Such listings should clearly mention that they are bank auctions and carry the relevant auction notice, payment schedule, and possession status.
Non-excludable rights
Nothing in Bhoomi's terms excludes rights, remedies, duties, or liabilities that cannot legally be excluded under applicable law, including valid court orders, regulatory directions, data-protection duties, consumer remedies, RERA remedies, fraud, wilful misconduct, or gross negligence.
How we make money
Bhoomi makes money from clearly listed platform fees, not hidden price spreads. We charge a 1% + applicable GST/taxes platform fee from the winning buyer and a 1% + applicable GST/taxes platform fee from the property seller.