Apartments/Flat for sale in delhi, Delhi
Asset Details
Reserve Price:
Date of E-Auction: Awaited 
Assets Code: BOA-A-3413
Ownership Type: N/A 
Status of Possession: N/A
Carpet Area: N/A
Builtup Area: N/A
Address
N/A
Additional Details
All that piece and parcel of Non Agricultural Property being Freehold Residential Constructed premisesbuilding being basement (admeasuring 1169 Sq.n); First Floor (admeasuring 1400 Sqft): Second Floor (admeasuring 1400 Sqft), Third Floor (admeasuring 1400 Sq.ft.); with roof rights, along with the undivided 4/5 share in the plot bearing Plot No.12 admeasuring 222.5 Se Yards, thereabouts together with building and erection standing thereon with all Rights easements and appurtenances thereto,
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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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Loan Availability
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Request a Visit of the Property
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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.
