Apartments/Flat for sale in Chinakakani, GUNTUR, ANDHRA PRADESH
Asset Details
Reserve Price:
Date of E-Auction: NA 
Assets Code: BOA-I-6865
Ownership Type: FREEHOLD 
Status of Possession: SARFAESI SYMBOLIC
Carpet Area (Sq feet): N/A
Builtup Area (Sq feet): N/A
Address
plot No.5 10 situated in Chinakakani panchaayt D.No.59 BY 1, near Door No.5-100,
Additional Details
Flat No.2 BY 3, 3rd Floor, Nuthalapathi towers, having 776 Sq.feet plinth area, 94 Sq.feet common area and 100 Sq.feet car parking Undivided share of 36 Sq Yds
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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.
