Apartments/Flat for sale in Bengaluru, Bengaluru Urban, Karnataka
Asset Details
Address
Schedule “ B “ Property All that piece and parcel Two Bedroom residential Apartment/flat bearing unit No.FF -102, ‘A’ Block situated at First Floor in the multi-storied residential apartment/building known as “ AVANI HILLS”, having Super built up area of 1165 Sq.Ft. along with 349 Sq.Ft. of Undivided right, title and interest in all that piece and parcel of the land described in the schedule property with One covered car parking area in the basement Floor with water, Electricity and Sewerage amenities together with common areas such as passages, lobbies, lift, Staircase and other areas of common use etc.
Additional Details
Schedule “ A “ PropertyAll that piece and parcel of property bearing New Municipal No.469/294/2,in Converted Sy.No.294/2, measuring 5 ½ Guntas, bearing 294/4 measuring 3 ¼ Guntas, Sy.No. 294/5, measuring 10 ¼ Guntas Sy.No. 294/6 measuring 3 ½ Guntas, Sy.No. 294/7, measuring 10 Guntas, Sy.No. 294/8, measuring 4 Guntas, Sy.No. 294/9, measuring 4 ¾ Guntas, all measuring 1 Acre 01 ¼ Guntas, Situated at Halagevaderahalli Village, Kengeri Hobli, Bangalore South Taluk, Bangalore, bounded on : East by :Land bearing Sy.No. 292 West by :40 Ft. Road North by :Land bearing Sy.No. 60 South by :Land bearing Sy.No.294/2,4,5,6,8 and 9 conveyed to M/s Elegant Builders & DevelopersSchedule “ B “ Property All that piece and parcel Two Bedroom residential Apartment/flat bearing unit No.FF -102, ‘A’ Block situated at First Floor in the multi-storied residential apartment/building known as “ AVANI HILLS”, having Super built up area of 1165 Sq.Ft. along with 349 Sq.Ft. of Undivided right, title and interest in all that piece and parcel of the land described in the schedule property with One covered car parking area in the basement Floor with water, Electricity and Sewerage amenities together with common areas such as passages, lobbies, lift, Staircase and other areas of common use etc.
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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.