Distress Sale

Properties which needs to be sold by the owner because of financial, family or any such problem. (e.g. shifting abroad, getting transferred).

Project 1 :

Location:: The plot is on Delhi - Surajpur highway ,2 min drive from New NOIDA - Greater NOIDA  express way. Access to NEW DELHI with in 25 min.

Plot Size:: 15000 sq.mts. having 100 mts. front & 150 mts. side. Front facing NORTH & Side facing EAST, with 2 sides open.

Construction:: 50,000 sq. feet. mostly RCC construction & 6000sq. feet separate admin. block. 2 floors built in front , possibility of 2 more floors on the main factory block.

Status Of Property::

Mortgage::property is morgaged exclusive to BANK OF BARODA(Rs. 380 lacs) & UNION BANK OF INDIA(Rs.228 lacs), both have given their sanction letters for 1 time settelments for Rs. 608 lacs.

Noida Authority Dues:: Noida lease rental of Rs. 90 lacs(approx) has to be paid in order to regularise the LEASE DEED with NOIDA  AUTHORITY.

Sales Tax:: Rs. 2.5 lacs.

Customs Clearance:: the unit was 100% E.O.U. So Custom Clearance is required to be done.

Power/ water/ telephone Dues:: approx. Rs.10 lacs.

NOTE:: THE COMPANY SHALL HAVE TO GET ALL THE CLEARANCE DONE BEFORE SALE OF THE PROPERTY.