Builder Floor for sale in New Delhi, Delhi
Asset Details
Reserve Price:
Date of E-Auction: Awaited 
Assets Code: BOA-A-2712
Ownership Type: Freehold 
Status of Possession: N/A
Carpet Area: N/A
Builtup Area: N/A
Address
N/A
Additional Details
Freehold, builtup Entire Ground Floor, without Roof/Terrace Rights out of the property , ,situated in Rishabh Nagari Colony, Mohan Park Area of village Dhirpur, Part of khasra No.18,admeasuring 100 Sq.Yds,Model Town-2 Delhi-110009 in the Name of Mr. Vikas Sikka, Bounded as: - North: Road, South: Part Of Property, East: Property No.70, West: Property No.68 Under Physical
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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.
