Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612460
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹9,90,000
EMD:₹99,000
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
This is a prime commercial property located in Sachin, Surat, Gujarat, offered by The Nasik Merchants Co-op Bank Ltd. Previously owned by M/s. Shhlok Enterprises, this asset is ideal for various business ventures seeking a strategic location in a thriving commercial hub. The property is being auctioned under the SARFAESI Act.
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 is conducting a SARFAESI auction for a valuable commercial property in Sachin, Surat. The auction features a reserve price of INR 9,90,000 and requires an Earnest Money Deposit (EMD) of INR 99,000. The auction will take place on November 25, 2025, starting at 12:00 PM and concluding at 3:00 PM. Interested bidders are encouraged to participate and seize this opportunity.
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
Located in Sachin, Surat, this commercial property offers potential due to its location and size. The reserve price appears reasonable, but prospective buyers should conduct thorough due diligence. Given the location and the auction terms, this property presents a calculated investment opportunity.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
