Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612507
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹1,08,00,000
EMD:₹10,80,000
Bid Increment:₹10,000
Auction Time:12:00 Noon to 3.00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
A prime commercial property located in Sachin, Surat, Gujarat, offered by The Nasik Merchants Co-op Bank Ltd. This asset, previously owned by M/s. Shhlok Enterprises, presents a valuable opportunity for business ventures in a developing commercial hub. Suitable for a wide range of commercial activities, this property is ideal for investors seeking a strategic location in Surat.
State:Gujarat
City:Surat
Area:Sachin
Asset Category:Commercial
Full Address:Shhlok Arcade, Block No. 292 in T.P. Scheme No. 58 (Bamroli), F.P. No. 135-B, Sub Plot No. 1, Sachin, Surat
Building/Society:Shhlok Arcade
Size:7814.39 Sq.mts.
Auction Description
The Nasik Merchants Co-op Bank Ltd presents a SARFAESI auction for a commercial property in Sachin, Surat. The auction features a reserve price of ₹10,44,000.00 and an Earnest Money Deposit (EMD) of ₹1,04,400.00. Bidding opens on November 25, 2025, at 12:00 PM and concludes on the same day at 03:00 PM. Don't miss this chance to acquire a commercial asset in a growing region of Gujarat.
Borrower Name:M/s. Shhlok Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Sureshkumar Narottamdas Patel, Mr. Ashokkumar Narayandas Patel
Legal Details
Possession Status:Physical
Encumbrance Details:There are no encumbrances to the knowledge of the Bank
Why This Property
The Sachin, Surat property offers a calculated opportunity due to its commercial nature and accessible location. The auction terms are standard, but due diligence regarding the specific unit details within 'Shhlok Arcade' is crucial. Considering location and price, it could be a worthwhile investment, but requires careful assessment.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
