Apartments/Flat for sale in Kashipur, Udham Singh Nagar, Uttarakhand
Asset Details
Reserve Price:
Date of E-Auction: 10/Jan/2025 11:00 
Assets Code: BOA-EB-97556
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area (Sq feet): None
Builtup Area (Sq feet): NA
Address
Village : Dhakiya Gulabo, Tehsil : Kashipur, District : U.S. Nagar
Additional Details
A piece of land situated at Village : Dhakiya Gulabo, Tehsil : Kashipur, District : U.S. Nagar which Khata No. 20, Khasra No. 22 min area 0.315 hectare. Sale deed dated 23.02.2010 which is registered in Bahi No. 1, Zild no. 2045 on pages 319-338 at serial no. 1546 on dated 23.02.2010 in the office of Sub Registrar, Kashipur in favour of Smt. Madhubala Chauhan. Boundaries-East- Khet Kulba Singh and Jhabra Singh, West-Khet Hukum Singh and Rajpal others, North-Khet Hukum Singh and Rajlal others and South- Kachcha RastaArea: 0.315 hect/3150 sq mtr
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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.
