Apartments/Flat for sale in YESHWANTHPUR, BANGALORE, KARNATAKA
Asset Details
Reserve Price:
Date of E-Auction: NA 
Assets Code: BOA-I-1360
Ownership Type: CO-OP SOCIETY 
Status of Possession: SARFAESI PHYSICAL
Carpet Area: N/A
Builtup Area: N/A
Address
SARAVANA ESPLANDE site no 1-14 BBMP Khata 10 BY 1-5 Jalahalli Tumkur Road HMT Ward no 38 Bangalore
Additional Details
17 mortagaged flats at SARAVANA ESPLANDE situated at property bearing site no 1-14, BBMP Khata no 10 BY 1-5, situated at Jalahalli, Tumkur Road, HMT Ward no 38, Bangalore.
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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.
