Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612469
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹15,39,000
EMD:₹1,53,900
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. The asset is ideal for various business ventures, providing excellent accessibility and visibility within the bustling commercial hub of Surat. Don't miss this opportunity to acquire a valuable commercial asset in a growing economic region.
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 commercial property in Sachin, Surat. The bidding starts with a reserve price of INR 15,39,000, with an Earnest Money Deposit (EMD) of INR 1,53,900 required to participate. The auction will take place on November 25, 2025, commencing at 12:00 PM and concluding at 03:00 PM. This is a public auction for the recovery of dues from M/s. Shhlok Enterprises.
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 presents a calculated opportunity due to its commercial nature and location in Sachin, Surat. The reserve price seems reasonable, but potential investors should thoroughly assess the market value and conduct due diligence. The auction terms are standard, warranting careful consideration before bidding.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
