Independent/Row House for sale in Secunderabad, Hyderabad, Telangana
Asset Details
Reserve Price:
Date of E-Auction: 24/Dec/2024 12:00 
Assets Code: BOA-EB-76146
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area: None
Builtup Area: NA
Address
Residential building on Plot No.39, Chandragiri Co.Operative Housing Society ltd, Tirumalagiri Village, Secunderabad Cantonment Area, Telangana
Additional Details
"All that Residential building on Plot No.39 admeasuring 325 Sq.Yards equivalent to 271.7 Sq.Mts comprising of Ground Floor with Plinth area 2128 Sqft, First Floor with Plinth area 2128 Sqft and Second Floor with Plinth area 2128 Sqft, as per the layout of M/s. Chandragiri Co.Operative Housing Society ltd., Hyderabad, comprised in Revenue No.55 (part of GLR Sy.No.368) of Tirumalagiri Village, Secunderabad Cantonment Area, Hyderabad District, belonging to Mr. Manchaala Raaghavendra and bounded byNorth : 30’ wide RoadSouth : Plot No:38East : 30 ‘ Wide RoadWest : Plot No:40"
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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.
