Office Space for sale in Mumbai, Mumbai Suburban, Maharashtra
Asset Details
Address
Gala No. 207, admeasuring 715 sq.ft Built up Area on the 2nd Floor of the building known as Star Industrial estate Co-Op Soc. ltd., constructed on all that poece or parcel of land lying and being at village mohili, Off kurla Andheri Road, Taluka Kurla in the Registration District and Sub-District of mumbai City and mumbai in the name of Prakash K joukani, PIn - 400070
Additional Details
None
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Insights
Seller’s Reserve Price
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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.