Others for sale in Amritsar, Amritsar, Punjab
Asset Details
Reserve Price:
Date of E-Auction: 24/Dec/2024 11:00 
Assets Code: BOA-EB-36954
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area: None
Builtup Area: NA
Address
Residential Property Bearing Plot No 17 measuring 466 Sq. yards having Khasra No.1512/1,1513/2,1514/2 min as per sale deed no 2449 dt 27.12.1984 & as per Jamabandi Khasra No.3044/1512, Khewat Khatauni no.2257/2954, Hadbast No 386 for year 2016-17, situated in area of Sultanwind urban Tehsil & distt. Amritsar 143006, in the name of S. Parduman Singh S/o Dhian Singh
Additional Details
Residential Property Bearing Plot No 17 measuring 466 Sq. yards having Khasra No.1512/1,1513/2,1514/2 min as per sale deed no 2449 dt 27.12.1984 & as per Jamabandi Khasra No.3044/1512, Khewat Khatauni no.2257/2954, Hadbast No 386 for year 2016-17, situated in area of Sultanwind urban Tehsil & distt. Amritsar 143006, in the name of S. Parduman Singh S/o Dhian Singh
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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.
