Apartments/Flat for sale in Visakhapatnam, Visakhapatnam, Andhra Pradesh
Asset Details
Reserve Price:
Date of E-Auction: 29/Jan/2025 12:00 
Assets Code: BOA-EB-191834
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area (Sq feet): None
Builtup Area (Sq feet): NA
Address
Residential flat bearing Flat No.503, with an area of 1000 Sft (including common areas) Car parking 80 Sq. Feet, in the fourth Floor of “AN ENCLAVE”, covered by Survey No.147/8 and 147/9, of CHINAGANTYADA Village, Near Door No.25-1-10, Gajuwaka Mandal
Additional Details
All that piece and parcel of site measuring 42.86 Sq.yards or 35.836 Sq.mtrs being undivided and unspecified share out of the extent of 865.75 Sq.yards together Residential flat bearing Flat No.503, with an area of 1000 Sft (including common areas) Car parking 80 Sq. Feet, in the fourth Floor of “AN ENCLAVE”, covered by Survey No.147/8 and 147/9, of CHINAGANTYADA Village, Near Door No.25-1-10, Gajuwaka Mandal, within the limits of Greater Visakhapatnam Muncipal Corporation, in the registration Sub District of Pedagantyada, Visakhapatnam District and bounded as follows:EAST: Property belongs to Sri. A S Appa RaoSouth: Property belonging to Sri Atchanna and other sold to Sri Lanka Anil Kumar and others in part and 33 Feet wide Road.West: Path Way.North: House belonging of Somulu, Kommu Demudu, Donthula Kannayya, Sitana Lakshmi, Chintada Ramu, Potti Appa Rao, Kommoji Kanthamma and Sirasapalli Appalanarasamma
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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)
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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.
