Apartments/Flat for sale in Mumbai, Mumbai Suburban, Maharashtra
Asset Details
Reserve Price:
Date of E-Auction: 08/Jan/2025 11:00 
Assets Code: BOA-EB-50257
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area: None
Builtup Area: NA
Address
Flat No 102, 1st Floor, “Malwani West View, Co Operative Housing Society Ltd”Plot No 48, Malwani Malad West, Mumbai-400095.
Additional Details
All the part and Parcel of Residential Flat No 102. 1st Floor, Admsg Area 68.23 Sq mtr (Built-up Area), 58.86 Sq mtr (Carpet Area) In The Building/Society Known As “Malwani West View, Co Operative Housing Society Ltd”. Situated At Plot No 48, Rcs No 6, CTS No 3525 of village Malwani Malad West, Next to Bellacasa Tower, Opp Billinium CHSL, Malwani, Taluka- Borivali Malad (West), Mumbai-400095.
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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.
