Apartments/Flat for sale in Bengaluru, Bengaluru Urban, Karnataka
Asset Details
Address
Flat No. 002, Ground Floor, Block ‘B’, MJ ‘LIFESTYLE’ ASTRO Apartments, Chikkanagamangala Village, Sarjapur Hobli, Anekal Taluk, Bangalore-560099
Additional Details
SCHEDULE – ‘A’ PROPERTY(Description of the property Conveyed to the PURCHASER/S under this agreement)ITEM NO.1: All that piece and parcel of converted land measuring 0-09.04 guntas bearing survey no. 12/2 situated at Chikkanagamangala Village, Sarjapur Hobli, Anekal Taluk, Bangalore Urban District. East by: Remaining portion of same Sy.No. 12/2, West by: Land bearing Sy.No. 13, North by: Chikkanagamangala to Huskur Govt. Road and South by: Land bearing Sy.No. 21/1.ITEM NO.2: All that piece and parcel of converted land measuring 3 acre 6 ¾ guntas bearing survey no. 21/1 situated at Chikkanagamangala Village, Sarjapur Hobli, Anekal Taluk, Bangalore Urban District and the land has been converted for residential purpose vide official memorandum bearing no. ALN(A.S.H)S.R.54/13-14, dated 19.08.2013, issued by the Deputy Commissioner, Bangalore. East by: Land bearing Sy.No. 21/2, West by: Land bearing Sy.No. 14, North by: Remaining landbearing Sy.No. 21/1 and South by: Land bearing Sy.No.20.SCHEDULE – ‘B’ PROPERTY(Description of the undivided Share conveyed to the PURCHASER/S under this agreement)Undivided share, right, title and interest in the land comprised in the Schedule ‘A’ Property, which works out 556 Sq.ft.SCHEDULE - ‘C’ PROPERTY(Description of the Apartment Conveyed to the PURCHASER/S under this agreement)All that piece and parcel of the Residential Apartment bearing Flat No. 002, “B” Type Block ‘B’ in Ground floor of MJ ‘LIFESTYLE’ ASTRO Apartments constructed on the Schedule ‘A’ property having 2 Bed rooms with 2 Toilets and super Built area of 972 Sq.ft and Carpet area of 739 Sq. ft. with one reserved covered car parking area in the basement floor, Khata No. 150200100500622259, standing in the name of Mr. Ahamed Shafeeq, S/o. Kunhimoideen Kutty Haji M
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.
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.