Independent/Row House for sale in Bengaluru, Bengaluru Urban, Karnataka
Asset Details
Reserve Price:
Date of E-Auction: 26/Dec/2024 11:00 
Assets Code: BOA-EB-45581
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area: 750.00
Builtup Area: NA
Address
All the part and parcel of the residential immovable property situated at No.87, Municipal/Corporation No.77, 6th Cross, 3rd Main, Subbanna Garden, Sy No.173, Presently 370/1, Vijayanagar, near SBM Vinayaka Layout Branch, Bangalore – 560040, Old PID No.35-32-77, New PID No.126-W0091-2, within the jurisdiction of BBMP, within the jurisdiction of Sub-Registrar, Vijayanagar, together with the buildings sheds, standing thereon, measuring East to West 50 feet and North to South 15 feet admeasuring 750 sqft., owned by Mr. K Venkatesh.Bounded on:East by: Site No.85West by: RoadNorth by: Northern portion of property No.77 (Old No.85) gifted to Mrs.K Bharathi and Mrs.K Saroja daughters of Mr.M P Krishnappa and Mrs.PuttanarasammaSouth by : Site No.88
Additional Details
All the part and parcel of the residential immovable property situated at No.87, Municipal/Corporation No.77, 6th Cross, 3rd Main, Subbanna Garden, Sy No.173, Presently 370/1, Vijayanagar, near SBM Vinayaka Layout Branch, Bangalore – 560040, Old PID No.35-32-77, New PID No.126-W0091-2, within the jurisdiction of BBMP, within the jurisdiction of Sub-Registrar, Vijayanagar, together with the buildings sheds, standing thereon, measuring East to West 50 feet and North to South 15 feet admeasuring 750 sqft., owned by Mr. K Venkatesh.Bounded on:East by: Site No.85West by: RoadNorth by: Northern portion of property No.77 (Old No.85) gifted to Mrs.K Bharathi and Mrs.K Saroja daughters of Mr.M P Krishnappa and Mrs.PuttanarasammaSouth by : Site No.88
The Buying Process
How to buy properties from banks? We're here to guide you through the process, making your
property acquisition journey seamless and hassle-free.
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.
Did you know?
Loan Availability
We recognize the difficulties of securing a loan for auction properties. That's why BankofStressedAssets.com has teamed up with handpicked banks that specialize in providing loans for such properties. With our streamlined loan process, you can confidently explore financing options and make purchasing property more accessible.
Request a Visit of the Property
Indicate your interest in a property by requesting a visit through BankofStressedAssets.com. Simply click on "I am interested," and we'll liaise with the authorized bank officer to schedule a convenient property tour. This enables you to personally inspect the property and make an informed decision.
Possession Status
BankofStressedAssets.com offers details regarding the possession status of properties. Physical possession indicates that the property is secured, with the seller institution holding the keys. Symbolic possession means the seller institution possesses legal rights, yet physical possession remains pending. Understanding the possession status provides insight into the property's present condition.
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.
