Lease hold property in respect of land measuring 100 Acre bearing Survey No 1(P), 2(P), 3(P), 4(P), 5, 7, 8, 9, 10(P), 11(P), 12(P), 13(P), 15/2(P) in Village Palepalem, Survey No 64(P), 65(P), 66(P), 67 in Koneti Rajupalem, Survey No. 326(P), 327(P) in village Menakur, situated in Special Economic Zone (SEZ) at Naidupet distt. Nellore, Andhra Pradesh
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Property overview
Type
Industrial
Sub Type
Industrial Plot with Factory Building
Possession Status
Symbolic
Type of Action
Under SARFAESI
Asset Type
Immovable
Ownership Type
Leasehold
Title Deed Type
Others (Lease Deed)
Property Price
₹97.56 Cr
Property Identifiers
Bank Property ID
PUNBAFW009374
Collateral ID
10A25811346
Property Images
Borrower & Loan details
Borrower Name
PRIME HITECH ENGINEERING LIMITED
Registered Address of Borrower
Prime Group Building, 11/5B, Pusa Road, New Delhi-110005
Owner
M/S PEL Assets & infrastructure Limited
Ownership Type
Leasehold
Title Deed
Others
Asset Type
Immovable
Collateral ID
10A25811346
Customer ID
AFW009374
Demand Notice
Notice Date
19 Sept 2024
Additional details
Description
a) Lease hold property in respect of land measuring 100 Acre bearing Survey No 1(P), 2(P), 3(P), 4(P), 5, 7, 8, 9, 10(P), 11(P), 12(P), 13(P), 15/2(P) in Village Palepalem, Survey No 64(P), 65(P), 66(P), 67 in Koneti Rajupalem, Survey No. 326(P), 327(P) in village Menakur, situated in Special Economic Zone (SEZ) at Naidupet distt. Nellore, Andhra Pradesh in the name of M/s PEL Assets and Infrastructure Limited
b) Lease hold rights along with building, super structure build thereon on land measuring 14.50 acres (out of 100 Acre land) in the name of M/S Prime Hitech Engineering Limited (PHEL) situated in Special Economic Zone (SEZ) at Naidupet distt. Nellore, Andhra Pradesh.
c) Hypothecation of all Plant & Machinery and other fixed assets of PHEL Hypothecation of fixed assets & current assets (present and future).
Note: Out of 100 Acre land, 32.03 acres of land has been leased out to M/s Prime Meiden Limited effective from 1st April 2016 to 31st March 2036