Apartments/Flat for sale in GUWAHATI, KAMRUP METROPOLITAN, ASSAM
Asset Details
Reserve Price:
Date of E-Auction: NA 
Assets Code: BOA-I-5186
Ownership Type: ANY OTHER (INCLUDING OWNERSHIP CONFERRED BY STATE LAWS) 
Status of Possession: SARFAESI SYMBOLIC
Carpet Area (Sq feet): N/A
Builtup Area (Sq feet): N/A
Address
Land and 3 storied building measuring 1365 Sq Mtr at Bhagadatta Pur, Kahili Para, Guwahati, Assam 781091 further describable as land admeasuring 1 bigha 2 lechas, coverd by Dag No. 170 (old), 770 (new) of KP Patta No. 11(old) , 390 (new) in village Dakhingaon, under Mouza Beltola, Guwahati, Assam with RCC house standing thereon bearing holding no. 968, Ward No. 34 (old), 59 (New) of guwahati Municipal Corporation (Sh. Kewal Sharma & Sh. Rajib Sharma)
Additional Details
Land and 3 storied building measuring 1365 Sq Mtr at Kahili Para, Guwahati, Assam 781091 Sh. Kewal Sharma Sh. Rajib Sharma
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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.
