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NPA Properties

NPA PROPERTIES

Is a term used for non performing asset, the property on which a loan or an advance has been taken by the client or a company for which the principal or interest payment remains overdue for a period of 90 days or above.

This type of property is generally cheap as compared to the current market price of property because banks generally need recovery of their disbursed amount and hence chances of getting the property from bank through debt redressal tribunal court remains high.