Shantivan III Malad East, Mumbai

This document details the mortgage information related to a residential property originally owned by Mr. Vallabh Sagun Bandodkar, now transferred to his known and unknown legal heirs following his demise. The property in question is located in the Shantivan III Co-Operative Housing Society Limited, Malad (E).

Property Overview

Property Details:

• Residential Flat Number: B-107
• Building Name: Shantivan III Co-Operative Housing Society Limited, B-Wing
• Plot Number: 19
• Survey Number: 287
• Location: Raheja Township, Malad (E), Mumbai
• Carpet Area: 608 square feet

Ownership and Legal Heirs

Original Owner:

• Mr. Vallabh Sagun Bandodkar (Deceased)

Current Ownership:

• Through the known and unknown legal heirs of Mr. Vallabh Sagun Bandodkar

The flat initially registered in the name of Mr. Vallabh Sagun Bandodkar, has been inherited by his legal heirs upon his passing. The specific details and identification of all legal heirs, both known and unknown, remain pertinent for any legal proceedings or transfer of ownership.

Mortgage Information

The property described above is mortgaged, indicating that it has been used as collateral for a loan or financial obligation. The exact details of the mortgage, including the lender, the amount, and the terms, are essential for understanding the obligations attached to the property.

Legal and Financial Implications

Responsibilities of Heirs: The legal heirs are now responsible for any obligations, including the mortgage, tied to the property. It is crucial for all heirs to be identified and acknowledged in any legal processes to ensure proper handling of the mortgage and potential transfer or sale of the property.

Required Actions:

1. Identification of Heirs: Comprehensive identification and documentation of all known and unknown legal heirs.
2. Mortgage Settlement: Coordination among heirs to address the mortgage, including payment or renegotiation with the lender.
3. Legal Documentation: Proper legal documentation and transfer of ownership to ensure clear title and compliance with local laws.

Conclusion

The mortgaged residential flat No. B-107 in Shantivan III Co-Operative Housing Society Limited represents a valuable asset with significant legal and financial responsibilities for the heirs of Mr. Vallabh Sagun Bandodkar. Proper management and resolution of the mortgage and clear identification of all legal heirs are critical steps for the future handling of this property.