CFM Asset Reconstruction Pvt Ltd Commercial Property Auction in MAZAGAON, Mumbai

Property to be Sold must be identified here. Below mentioned property of Sumer Buildcorp Private Limited (as the owner of the Land) ("Borrower") and Radius Sumer Devel-opers Private Limited (as the developer of the Land) ("SBPL"): (1) All that piece and parcel of land admeasuring 38,881.58 sq. mtrs. (46,502 sq. yards) or thereabouts, bearing Cadastral Survey No. 525 of Mazagaon situated at Reay Road and at Junction of Reay Road and Mathar Pakhadi Road, Mazagaon, in the Island and Registration Sub-District of Bombay (said "Land"); (2) The units constructed or to be constructed thereon ("Units"); (3) Development rights and present and future floor space index ("FSI) in respect of the Land and transferable development rights (TDR) as and when purchased and loaded over the Land; and (4) Excluding the Excluded Component (as defined hereinafter) and the Other Area (as defined hereinafter) Bounded as follows: On or towards the East and South East: Partly by the Reay Road; On or towards the West: Partly by the properties formerly belonging to the executors of Sir Dinshaw M. Petit and to the Trustees of the Honourable Mr. Byramjee Jeejeeebhoy Trust Settlement 1887, respectively and now belonging partly to Wamanrao Bhai and another, partly to Shivdas Champsey and another, partly to the Wallace Flour Mills Limited and partly to Liladhar Hariram and another and partly by the property previously known as Tank Bunder, and since known as the Mahomedan Burial Ground; On or towards the South East: By a public road called Matarpakdy Road, On or towards the North: By the property previously known as Tank Bunder, since known as the Mahomedan Burial Ground. TOGETHER WITH all buildings, erections, godowns and constructions of every description which are standing, erected or attached or shall at any time hereafter during the continuance of the security hereby constituted be erected and standing or attached to the immovable properties and premises or any part thereof and all compounds, yards, areas, ways, paths, passage, concern gullies, trees, fences, hedges, ditches, ways, sewerages, drains, waters, water-courses, together with all its rights, liberties, privileges, easements, fixtures, advantages and appurtenances whatsoever to the immovable properties or any part thereof belonging to or in anywise appertaining or usually held, occupied, enjoyed therewith or reputed to belong or be appurtenant thereto AND together with the structure's/building/s standing thereon (present and future), constructed thereon (including the shop/offices/units/apartments/flats/rooms/premises/area) including without limitation all the proceeds and considerations due to the Borrower/SBPL, pursuant to the marketing of the shop/offices/unit/apartments/flats/rooms/area and TOGETHER WITH all nights under and in respect of all agreements, arrangements, contracts, documents, records, deeds, papers, writings, instruments by whatsoever name called, executed or which may be hereafter executed by the Borrower / SBPL with the purchaser / lessee/licensee or any other person in respect of the immovable properties TOGETHER WITH all the present and future amounts, de-mands, claims, compensation and other monies due, owing or payable to the Borrower or which may at any time become due, owing or payable to the Borrower by/from SBPL, any customer or any other person under or in respect of SBPL Component and/or any construction contract/development contract development agreement or any other similar arrangement/contract/agreement (in respect of SBPL Component) entered into or to be entered into between Borrower and SBPL or any other person. TOGETHER WITH all the present and future amounts, demands, claims, compensation, book debts, outstandings, moneys receiv able, room charges, rents, considerations and bills and other monies due, owing or payable to the SBPL or which may at any time become due, owing or payable to SBPL by/from the Borrower, any customer or any other person under or in respect of SBPL Com-ponent including but not limited to the receivables in respect thereof and/or any construction contract/ development contract de-velopment agreement or any other similar arrangement/contract agreement (in respect of SBPL Component) entered into or to be entered into between SBPL and the Borrower or any other person TOGETHER WITH Secured Creditor's rights, title, interest, un-derstandings, modifications, documents and writings executed or to be executed in respect of the Secured Assets. AND ALL the estate, right, tiffe, interest, property, daim and demand whatsoever of the Borrower/SBPL into and upon the properties and all the present and future structures/buildings constructed on the properties including the flats/shop/offices/units/apartments /area/rooms thereon and also along with all the present and future transferable development rights (TDR) and floor space index (FSI) and all other sights and benefits accrued or accruing thereto/in respect of the properties. Project: The Borrower's residential project at Mazagaon situated at Reay Road and at Junction of Reay Road and Mathar Pakhadi Road, Mazagaon, in the Island and Registration Sub District of Bombay with a minimum saleable area of c. 1.00 m sq.ft. Development Rights: Include (i) all right, title, benefit, and interest (including under the development agreements of the Borrower in respect off in relation to under the Project/Immovable Property, (ii) all floor space index and other rights arising out offloaded over /in respect of the Project/Immovable Property; and (iii) the development and all other rights, title, benefits and interest of/ accruing (in-cluding under the development agreements to the Borrower in respect of/in relation to under the Project/Immovable Property). Immovable Property: Include property of SBPL (as owner of the Land) and property of Borrower (as developer) of the Land, Units and Development Rights excluding the Excluded Component Properties: Indude Project, Development Rights, Immovable Property and all assets in respect thereof