Independent/Row House for sale in Erode, Erode, Tamil Nadu
Asset Details
Reserve Price:
Date of E-Auction: 31/Dec/2024 12:00 
Assets Code: BOA-EB-97347
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area (Sq feet): None
Builtup Area (Sq feet): {’propResiDetailId’: 62447, ’propertyDetailId’: 85384, ’carpetAreaSqft’: None, ’builtupAreaSqft’: None, ’furnishedStatus’: None, ’ageOfConstruction’: None, ’priceSqfeet’: None, ’floorno’: None, ’totalNoOfFloor’: None, ’unitOnFloor’: None, ’isCornerProperty’: None, ’waterAvailability’: None, ’electriCityStatus’: None, ’noOfRoom’: None, ’nearByEduInst’: None, ’nearByShopCent’: None, ’nearByLocality’: None, ’nearByCommHub’: None, ’noOfCarParking’: None, ’developerName’: None, ’projectName’: None, ’facing’: None, ’otherDetail’: None, ’washRoom’: None, ’masterUnitOfMeasure’: None}
Address
OLD SF NO 653, NEW SF NO 606/1, DOOR NO 23,24,25,26,27,28,29,29/1,2,3, MINNAKADU, CHENNIMALI-INGUR ROAD, ERODE
Additional Details
EMG of land and building to an extent of 39.96 Cents situated at D. Nos. 23 to 29, 29/1, 29/2, 29/3, Minnakadu, New SF No. 606/1, Old SF No. 653, Mukasipidariyur Village and Panchayat, Perundurai Taluk, Erode District - 638051 held in the name of Mr. G Sundaram
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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.
