41.92 Lakhs

Apartments/Flat for sale in Jamshedpur, East Singhbhum, Jharkhand

Asset Details

Rupee Icon Reserve Price:
41.92 Lakhs
Auction Icon Date of E-Auction: 29/Jan/2025 10:00
Code Icon Assets Code: BOA-EB-457719
Ownership Type Icon Ownership Type: Freehold
Possession Status Icon Status of Possession: Symbolic
Possession Status Icon Carpet Area (Sq feet): 920.00
Possession Status Icon Builtup Area (Sq feet): NA

Address

Flat No. A-2/3, having super built up area 1150 Sq. ft. on the 2nd floor of the building known as JAGANNATH APARTMENT, together with undivided share in the land measuring 150 Sq. ft. in the portion of New Plot No 255/6890 , under New Khata No.58 and portion of New Plot No. 251 ,under new Khata No. 279 , corresponding to Old No. 177 , under old Khata No. 33, in Mouza Sonari, Survey Ward No. 1, J.N.A.C. , within PS Sonari, together with Scooter Parking Space No. A-5/3, at Ground Floor, Situated at JAGANNATH APARTMENT Sonari, within P.O. & P.S. Sonari, Town Jamshedpur, Thana no. 1156, District Sub registry Office at Jamshesdpur, District Singhbhum East, together with advantages, Privileges, Common Services, Common Staircase, landing other Common Space, Ingress and egress, within the premises of JAGANNATH APARTMENT Sonari Jamshedpur, with other flat owners, which is bounded as follows:North: AlleySouth: Flat No A-2/2East: Open to SkyWest: Mr. Rajak

Additional Details

RESIDENTIAL FLAT

The Buying Process

How to buy properties from banks? We're here to guide you through the process, making your
property acquisition journey seamless and hassle-free.

  1. Choose a Property
    Discover our range of
    listings to locate a
    property that fulfills your needs.
    1
  2. Submit KYC
    Complete the KYC
    process and get
    ready for the auction.
    2
  3. Pay EMD
    Provide a 10% earnest
    deposit to express
    property interest.
    3
  4. Participate in Auction
    Sign up on the auction
    portal and engage in
    the bidding procedure.
    4
  5. Auction Process
    Explore our listings
    & find a property that
    meets your requirements.
    5
  6. Obtain Sale Certificate
    The seller institution
    issues the sale certificate
    upon completion of payment.
    6
  7. Register the Property
    An authorized officer
    records the property at
    the Sub-Registrar's Office.
    7

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.

Did you know?

Loan Availability

We recognize the difficulties of securing a loan for auction properties. That's why BankofStressedAssets.com has teamed up with handpicked banks that specialize in providing loans for such properties. With our streamlined loan process, you can confidently explore financing options and make purchasing property more accessible.

Request a Visit of the Property

Indicate your interest in a property by requesting a visit through BankofStressedAssets.com. Simply click on "I am interested," and we'll liaise with the authorized bank officer to schedule a convenient property tour. This enables you to personally inspect the property and make an informed decision.

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.

  • Post Assets free