Office Space for sale in Ahmedabad, Ahmedabad, Gujarat
Asset Details
Reserve Price:
Date of E-Auction: 10/Jan/2025 12:00 
Assets Code: BOA-EB-48324
Ownership Type: Freehold 
Status of Possession: Physical
Carpet Area: None
Builtup Area: NA
Address
14, Ground Floor, Spectrum Commercial Center No. 1, Nr. Relief Cinema, Relief Road, Ahmedabad - 380001
Additional Details
Plant & Machinery installed at M/s. Graphed Colours Pvt. Ltd., 14/A,Ground Floor, Spectrum Shopping Centre, Nr. Relief Road, Ahmedabad. AND Unit No. 14/A on Ground Floor, adm. 48.94 Sq. Mtrs. in the schemeknown as Spectrum Commercial Centre, lying being and situate on the landof City Survey No. 4023/B paiki, Sub Plot No. 2 Paikee, Sheet No. 40 ofWard - Kalapur-3, Taluka City, within Dist. Ahmedabad and Sub Dist. ofAhmedabad-1 (City), which is belonging to Johnson Jabcob & ManishkumarKeshavlal Changela Defendant Nos. 4 & 2. Bounded by: East: AnotherProperty and wall, West: Common Road of Scheme and Shutters ofProperty, North: Common wall with another property, South: Public Road.
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Insights
Seller’s Reserve Price
The reserve price set by the seller for a property auction excludes all property-related dues like taxes, utilities, maintenance, and industrial authority fees.
Earnest Money Deposit (EMD)
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Possession Status
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SARFAESI Act
The SARFAESI Act, an abbreviation for the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, is legislation implemented in India to empower banks and financial institutions in efficiently recovering their non-performing assets (NPAs). This act grants banks the authority to seize and sell properties of defaulting borrowers without court intervention, providing a legal framework for the swift resolution of distressed assets. By enabling banks to enforce their security interests effectively, the SARFAESI Act significantly aids in loan recovery and upholds financial system stability. Access the Act here.
