Plot/Land for sale in Bank Road, GORAKHPUR, UTTAR PRADESH
Asset Details
Reserve Price:
Date of E-Auction: NA 
Assets Code: BOA-I-8719
Ownership Type: FREEHOLD 
Status of Possession: SARFAESI SYMBOLIC
Carpet Area: N/A
Builtup Area: N/A
Address
Humayunpur north Gorakhnath Wazorabad Colony Ansari Road Tappa-Kasba Pargana-Haweli City-gorakhpur
Additional Details
1st sale deed dated-30.05.2009 bahi-1 zild-7035 page-399 to 430 No.-3155 Area-183.59 SQMT 2nd sale deed dated-09.11.2009 bahi-1 zild-7290 page-365 to 404 no.-6765 area-36.988 SQMT total-220.58 sqmt
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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.
