Commercial Property for auction Sachin Surat 15 lakh The Nasik Merchants Co-op Bank Ltd

Property for Auction in Sachin, Surat, Gujarat

Recommendation
Calculated OpportunityScore: 6.8
Possession
Physical
Size
7814.39 Sq.mts.
Reserve Price
15,39,000
Reserve Price
15,39,000
EMD Required
1,53,900
Property Specifications
Society/BuildingShhlok Arcade
Size7814.39 Sq.mts.
Possession StatusPhysical
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Commercial Property
Location IconLocation:
Sachin, Surat
Auction Date IconAuction Date:
25-11-2025 12:00 PM

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

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