Apartments/Flat for sale in Umbergaon, Valsad, Gujarat
Asset Details
Reserve Price:
Date of E-Auction: 22/Jan/2025 02:00 
Assets Code: BOA-EB-75504
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area (Sq feet): None
Builtup Area (Sq feet): NA
Address
Equitable Mortgage of all piece and parcel of the property bearing residential Flat no. A-204 admeasuring 440.00 Sq. Feet, Equivalent to 40.88 sq. Mtrs. Carpet area, (528.00 Sq. Feet equivalent to 49.05 sq. mtrs. built ap area) being situated on 2nd Floor in “A” building of APEX HEIGHTS constructed on non-agriculture land bearing Rev. Survey no. 112/1/Paiki 12/Paiki 5 total admeasuring Hector 0-33-08 situated near Damruwadi within the Nagar Palika limits of Umbergaon Tal: Umbergaon Dist. Valsad in the name of Mr. Vipul Natubhai Prajapti and Monika Vipul Prajapati
Additional Details
Equitable Mortgage of all piece and parcel of the property bearing residential Flat no. A-204 admeasuring 440.00 Sq. Feet, Equivalent to 40.88 sq. Mtrs. Carpet area, (528.00 Sq. Feet equivalent to 49.05 sq. mtrs. built ap area) being situated on 2nd Floor in “A” building of APEX HEIGHTS constructed on non-agriculture land bearing Rev. Survey no. 112/1/Paiki 12/Paiki 5 total admeasuring Hector 0-33-08 situated near Damruwadi within the Nagar Palika limits of Umbergaon Tal: Umbergaon Dist. Valsad in the name of Mr. Vipul Natubhai Prajapti and Monika Vipul Prajapati
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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.
