Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612466
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹13,05,000
EMD:₹1,30,500
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 the bustling area of Sachin, Surat, Gujarat. This asset is being auctioned by The Nasik Merchants Co-op Bank Ltd as part of a SARFAESI action. Ideal for business ventures, this property offers significant potential in a growing economic hub. The auction provides a unique opportunity to acquire a commercial asset in a well-connected part of 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 is conducting a SARFAESI auction for a valuable commercial property in Sachin, Surat. The auction will commence on November 25, 2025, at 12:00 PM and conclude at 03:00 PM on the same day. The reserve price for this commercial property is INR 13,05,000, with an Earnest Money Deposit (EMD) of INR 1,30,500 required. This is a direct opportunity to bid on a commercial asset situated in Gujarat's prominent city, Surat.
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 property is a commercial space in Sachin, Surat, with a moderate reserve price. The location on Magdall Highway adds to its potential, but the auction terms and existing encumbrances (if any) need careful consideration. It's a calculated opportunity for investors familiar with the local market.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
