Apartments/Flat for sale in Nagpur, Nagpur, Maharashtra
Asset Details
Reserve Price:
Date of E-Auction: 30/Dec/2024 11:00 
Assets Code: BOA-EB-48957
Ownership Type: Freehold 
Status of Possession: Physical
Carpet Area: None
Builtup Area: NA
Address
3.All that piece and parcel of land situated within the limits of NIT and NMC, Mouza- Indora, P.H. No. 11, Ward no. 57, Tah. Nagpur (City), Dist. Nagpur bearing Nazul Plot No. 81 total admeasuring 6566.25 Sq. ft.(610.02 Sq. Mtrs.) [As per city survey total admeasuring 651 Sq. Mtrs.] A house constructed thereon admeasuring 600 Sq. ft. (55.74 Sq. Mtrs.) out of that North- South partitioned Western side half part which is containing admeasurement 3283.125 Sq.ft. (305.01 Sq. Mtrs.) [As per City survey admeasuring 325 Sq. Mtrs.
Additional Details
None
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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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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.
