Apartments/Flat for sale in Madurai, Madurai, Tamil Nadu
Asset Details
Address
land admeasuring 2354 ½ Sq.ft. (Equivalent to 218.73Sq.mts.) bearing Plot No.1 in ‘K.T.S. Aravindh Nagar’ in S. No.744/2A [i.e. in Dindigul District , Dindigul East Taluk, Dindigul Registration District, Nagal Nayakkanpatti Sub-D, Balakrishnapuram Village, bearing Patta No.1479 corresponding to S. No.744/2 for an extent of 0.47.0Ares i.e. 1Acre 16 Cents in that Northern Side for an extent 86Cents now as per New Survey bearing Patta No.5732 is comprised corresponding to New S. No.744/2A for an extent 0.35.0 Hectare i.e. 86Cents land and corresponding to S. No.744/2B for an extent 30cents land altogether total for an extent 1Acre 16 cents in that 3.67Cents land is excluded remaining for an extent of 1Acre 12.33 cents of land divided into various layout plots] along with the common rights in all roads and all other appurtenances, usufructs, easements, right of access attached thereto and improvements thereon owned by Mr. R. A. Sadasivam, more particularly described
Additional Details
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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.