Office Space for sale in Benaulim, South Goa, Goa
Asset Details
Address
All that premises forming the northern wing of the mezzanine floor identified as shop No. MS-1, which is premises lying above the ground floor shops No GS-1, GS-2 and GS-3 and also lying on the western side of the staircase block of the ALANKAR building, being distinctly separated from the southern wing of the said mezzanine floor. Property denominated “MADEBATTA” or “MALBATTA” having a total area of 1,414 sq mtr or thereabout, described in the land registration office of Salcete under No. 18508 of Book B No. 47 of new series, enrolled for the purpose Portuguese Land Revenue Roll under Matiz Number 273, surveyed under Chalta Nos. 154 to 157, 159 to 161, 245,246 of PT Sheet No. 240, situated in the ward Malbhat of Margao City, Located within the limits of Margao Municipal Council, Taluka and Sub-District of south Goa in the state of the Goa and owned by Mr. Pramod Borkar and Mrs. Sushama Pramod Borkar. This premises has a total build up area of 179 sq mtrs . SALE NOTICE UPLOADED
Additional Details
None
The Buying Process
How to buy properties from banks? We're here to guide you through the process, making your
property acquisition journey seamless and hassle-free.
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)
The earnest money deposit (EMD) is the minimum amount paid by the buyer to the seller institution to confirm participation in the auction. If the bidder is unsuccessful, the EMD is refundable. However, it will be forfeited in the event of non-payment after winning the auction.
Did you know?
Loan Availability
We recognize the difficulties of securing a loan for auction properties. That's why BankofStressedAssets.com has teamed up with handpicked banks that specialize in providing loans for such properties. With our streamlined loan process, you can confidently explore financing options and make purchasing property more accessible.
Request a Visit of the Property
Indicate your interest in a property by requesting a visit through BankofStressedAssets.com. Simply click on "I am interested," and we'll liaise with the authorized bank officer to schedule a convenient property tour. This enables you to personally inspect the property and make an informed decision.
Possession Status
BankofStressedAssets.com offers details regarding the possession status of properties. Physical possession indicates that the property is secured, with the seller institution holding the keys. Symbolic possession means the seller institution possesses legal rights, yet physical possession remains pending. Understanding the possession status provides insight into the property's present condition.
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.