Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612457
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹16,65,000
EMD:₹1,66,500
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
This is a commercial property located in Sachin, Surat, Gujarat. It is being auctioned by The Nasik Merchants Co-op Bank Ltd. The property is categorized as commercial and is associated with the borrower M/s. Shhlok Enterprises.
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 auction will take place on November 25, 2025, starting at 12:00 PM and concluding at 03:00 PM. The reserve price for this auction is ₹16,65,000, with an Earnest Money Deposit (EMD) of ₹1,66,500 required.
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's commercial nature and location in Surat present a moderate investment opportunity. The reserve price appears reasonable, but prospective buyers should conduct thorough due diligence given the physical possession status and auction terms. The location on Magdall Highway is a positive factor.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
