Apartments/Flat for sale in Bengaluru, Bengaluru Urban, Karnataka
Asset Details
Reserve Price:
Date of E-Auction: 31/Dec/2024 10:30 
Assets Code: BOA-EB-58339
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area: 1525.00
Builtup Area: NA
Address
All that piece and parcel of the Property bearing Apartment No.401, “A” Block on the fourth Floor of the Apartment building known as “SILICON SPRINGS” constructed on the Property described in Schedule “A” property consisting of a living room, a Dining room, and three bedrooms having super built up area of 1525 Sq.ft with one car parking space in the basement together with 581 Sq.ft of undivided share, right, title and interest in the schedule-A property and bounded on:East : Open to space and there after Sy.No.8/4West : Corridor and there after Flat No.408 “A” BlockNorth : Open to space and there after Flat No.402 “B” BlockSouth : Open to space and there after Flat No.402 “A” Block
Additional Details
All that piece and parcel of the Property bearing Apartment No.401, “A” Block on the fourth Floor of the Apartment building known as “SILICON SPRINGS” constructed on the Property described in Schedule “A” property consisting of a living room, a Dining room, and three bedrooms having super built up area of 1525 Sq.ft with one car parking space in the basement together with 581 Sq.ft of undivided share, right, title and interest in the schedule-A property and bounded on:East : Open to space and there after Sy.No.8/4West : Corridor and there after Flat No.408 “A” BlockNorth : Open to space and there after Flat No.402 “B” BlockSouth : Open to space and there after Flat No.402 “A” Block
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.
