Retail Shop for sale in Nagpur, Nagpur, Maharashtra
Asset Details
Reserve Price:
Date of E-Auction: 27/Jan/2025 11:00 
Assets Code: BOA-EB-97039
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area (Sq feet): None
Builtup Area (Sq feet): NA
Address
The proportionate undivided share & interest in all that piece & parcel of land bearing Plot No 20 to 25 & 29 to 35 of Mouza Nagpur in Central Avenue Scheme I Market area of NIT, together with Shop No 95 admeasuring 13.34 Sq Mtrs on 1st Floor of Corporation House No 28/95/1 building named & styled as Handloom Cloth Market, City Survey No 274, Sheet No 161 situated at Handloom Cloth Market Building, gandhibagh, Nagpur within the limits of NMC Ward No 30 in Tah & Dist Nagpur in the name of Nanda Ashok Saboo.Bounded as - East: Shop No 133, West- Road, North- Shop No 96, South- Shop No 94
Additional Details
The proportionate undivided share & interest in all that piece & parcel of land bearing Plot No 20 to 25 & 29 to 35 of Mouza Nagpur in Central Avenue Scheme I Market area of NIT, together with Shop No 95 admeasuring 13.34 Sq Mtrs on 1st Floor of Corporation House No 28/95/1 building named & styled as Handloom Cloth Market, City Survey No 274, Sheet No 161 situated at Handloom Cloth Market Building, gandhibagh, Nagpur within the limits of NMC Ward No 30 in Tah & Dist Nagpur in the name of Nanda Ashok Saboo.Bounded as - East: Shop No 133, West- Road, North- Shop No 96, South- Shop No 94
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.
