8.8 Lakhs

FLAT OTHERS for sale in ANJAR, GUJARAT

Asset Details

Rupee Icon Reserve Price:
8.8 Lakhs
Auction Icon Date of E-Auction: 31/Dec/2099 02:00:00 PM
Code Icon Assets Code: BARB0DARIYALAL
Ownership Type Icon Ownership Type: FREEHOLD
Possession Status Icon Status of Possession: SARFAESI PHYSICAL

Additional Details

RESIDENTIAL-NORTH:...

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.

  1. Choose a Property
    Discover our range of
    listings to locate a
    property that fulfills your needs.
    1
  2. Submit KYC
    Complete the KYC
    process and get
    ready for the auction.
    2
  3. Pay EMD
    Provide a 10% earnest
    deposit to express
    property interest.
    3
  4. Participate in Auction
    Sign up on the auction
    portal and engage in
    the bidding procedure.
    4
  5. Auction Process
    Explore our listings
    & find a property that
    meets your requirements.
    5
  6. Obtain Sale Certificate
    The seller institution
    issues the sale certificate
    upon completion of payment.
    6
  7. Register the Property
    An authorized officer
    records the property at
    the Sub-Registrar's Office.
    7

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.

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