Apartments/Flat for sale in KONNAGAR, HOOGHLY, WEST BENGAL
Asset Details
Address
FLAT NO B2, RAJOSMITA NEST, 1ST FLOOR, 7, KP BANERJEE SARANI. PO-KONNAGAR. DIST-HOOGHLY BY
Additional Details
FLAT NO B2 SITUATED WITHIN RAJOSMITA NEST AT MOUZA-KONNAGAR, JL NO 7 IN RS DAG NO 3823 3830 UNDER RS KHATIAN NO 1252 CORRESPONDING TO LR DAG NO 8600, 8608, 8653 AND 8656 UNDER LR KHATIAN NO 15654.
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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.