Apartments/Flat for sale in Pune, Pune, Maharashtra
Asset Details
Reserve Price:
Date of E-Auction: 28/Jan/2025 11:00 
Assets Code: BOA-EB-291577
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area (Sq feet): None
Builtup Area (Sq feet): NA
Address
Flat No. 12 and 13, Damodar Villa, S. No. 868 Shivaji Nagar, Pune – 411004
Additional Details
Flat No. 12 & 13 (Amalgamated) on Second floor in “Damodar Villa” on CTS No. 868, Final Plot No. 209, Lane No.11, Bhandarkar Road, Behind Titan Showroom, Off Bhandarkar Road at Shivajinagar (Bhamburda), Tal. Haveli, Pune, Built Up Area 2618.00 Sq. Ft (Flat No 12 1440 Sq Ft + Flat No 13 1178 Sq Ft) Owned by : Mr Vijay Narayan Jalan (Flat No 12) & Mrs SantoshVijay Jalan (Flat No 13)bounded as follows:Boundaries of Flat No 12East: By entrance/StaircaseWest: By side marginNorth: Flat No 13South: By side margin/Open SpaceBoundaries of Flat No 13East: By entrance/liftWest: By side marginNorth: By side marginSouth: By Flat No 12(Both the Flats No. 12 & 13 are amalgamated with separate sale deed and hence to be sold together to one single bidder)
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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.
