Apartments/Flat for sale in Varanasi, Varanasi, Uttar Pradesh
Asset Details
Reserve Price:
Date of E-Auction: 14/Jan/2025 10:00 
Assets Code: BOA-EB-70363
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area (Sq feet): None
Builtup Area (Sq feet): NA
Address
Immovable (As Per Sale Deed No-4086 Date 08/07/2016 Sale Deed No 3745 Date 20/06/2015) All That Part Parcel Of The Property Consisting Of Property Land & Building Situated At Mauza Awarhi Main Gt Road Near Bank Of India Mohaniyan Branch P.O P.S Mohaniya Sub Registar Mohaniya,Distt Kaimur Thana No.537 Ward No-16,Khata No.63 Plot No-517 Areameasuring 2.75 Decimal 04 Decimal 06.75 Decimal Standing P.O Nuaon Distt Kaimur Bihar Pin Code-802132 Within The Registration Distt Kaimur (Bhabua)
Additional Details
Immovable (As Per Sale Deed No-4086 Date 08/07/2016 Sale Deed No 3745 Date 20/06/2015) All That Part Parcel Of The Property Consisting Of Property Land & Building Situated At Mauza Awarhi Main Gt Road Near Bank Of India Mohaniyan Branch P.O P.S Mohaniya Sub Registar Mohaniya,Distt Kaimur Thana No.537 Ward No-16,Khata No.63 Plot No-517 Areameasuring 2.75 Decimal 04 Decimal 06.75 Decimal Standing P.O Nuaon Distt Kaimur Bihar Pin Code-802132 Within The Registration Distt Kaimur (Bhabua) Nuaon Distt Kaimur Bihar Pin Code-802132 Within The Registration Distt Kaimur (Bhabua)
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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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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.
