Apartments/Flat for sale in Nagpur, Nagpur, Maharashtra
Asset Details
Address
All that RCC super structure comprising of Apartment/Flat No. 106, situated on First floor on the building standing on NIT lease hold Plot No.77 the building known and styled as Gayatri Lok covering built up area Adm 61.188 Sq. Mtrs bearing Municipal Corporation House No.139 19, Ward No.23 in Anath Vidyarthi Ghruh Layout ,Circle No.11 16, Division No.3, City Survey No.112 Sheet No.184, Chalta No. 134 of Mouza Nagpur, Plot Adm 715.66 Sq. Mtrs. together with 5.00 undivided share and interest in said land situated at Bagadganj within city limits of Nagpur
Additional Details
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Insights
Seller’s Reserve Price
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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.