Industrial land & Building for sale in Koteshwar, Udupi, Karnataka
Asset Details
Reserve Price:
Date of E-Auction: 08/Jan/2025 10:30 
Assets Code: BOA-EB-228801
Ownership Type: Freehold 
Status of Possession: Physical
Carpet Area (Sq feet): None
Builtup Area (Sq feet): NA
Address
Senapura village of Nada Village Panchayath, Kundapura Taluk
Additional Details
Non Agricultural converted immoveable property situated at Senapura village of Nada Village Panchayath, Kundapura Taluk within Kundapura Sub Registration district of Udupi District, Shivamogga District and comprised in :Item noSurvey NoKISSAMEXTENT A-CPortion1128-6Converted0.57East Southern2128-5Converted0.29South Eastern3124-5Converted0.23North Middle4124-3 (Part)Converted0.50North EasternTotal1.59 acres With factory building measuring 11,400 Sq ft and with all easementary rights of way and water appurtenant thereto.Boundaries:Item no. 1:North : Survey Line and property of Sadamma ShedthiSouth : Portion of Same Survey No.East : Portion of same S.D. and property of Sapthami Cashew IndustriesWest : Portion of Same Survey NoItem no. 2:North : Portion of Same Survey No.South : Survey LineEast : Portion of Survey no. 128-6West : Portion of Same Survey NoItem no. 3:North : Portion of Same sub divisionSouth : Survey LineEast : Survey LineWest : Portion of Same sub divisionItem no. 4:North : Property of Smt. Chandamma ShedthiSouth : Remaining portion of same S. No.East : Survey LineWest : Remaining portion of same S. No.
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.
