Industrial land & Building for sale in SIRAULI, MORADABAD, UTTAR PRADESH
Asset Details
Reserve Price:
Date of E-Auction: NA 
Assets Code: BOA-I-11207
Ownership Type: FREEHOLD 
Status of Possession: SARFAESI SYMBOLIC
Carpet Area: N/A
Builtup Area: N/A
Address
VILL-SERAULI TEHSIL-SAMBHAL
Additional Details
ALL THE PART PARCEL OF LAND BUILDING PLOT NO150 AREA 2540SQMTR REGISTERED AT SUB REGISTRAR SAMBHAL BOOK NO 1 VOL 8049 PAGES201 BY 216 AT SR NO-2510 DTD 27.04.2017
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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)
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.
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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.
