Independent/Row House for sale in AMRITSAR, AMRISTAR, PUNJAB
Asset Details
Reserve Price:
Date of E-Auction: NA 
Assets Code: BOA-I-7175
Ownership Type: FREEHOLD 
Status of Possession: SARFAESI SYMBOLIC
Carpet Area (Sq feet): N/A
Builtup Area (Sq feet): N/A
Address
PLOT BEARING PRIVATE NO 13 KALA GHANUPUR URBAN ABADI MAJITHA AVENUE DISTT AMRITSAR II
Additional Details
PROPERT MEASURING 125 SQ YRDS BEARING KHASRA NO 60 BY BY 17 MIN VIDE REGD DEED NO 17697, BOOK 1 VOL 2847 PAGE 34 BY 35 DT 19.03.2007.
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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.
