Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612492
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹22,95,000
EMD:₹2,29,500
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 offers excellent potential for business growth and investment. Situated in a well-connected region, it provides accessibility and visibility, making it an attractive location for various commercial ventures. The property is being auctioned by The Nasik Merchants Co-op Bank Ltd as part of a SARFAESI action, presenting a unique opportunity for discerning buyers.
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, Namely "Shhlok Arcade", Sachin, Magdall Highway, 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, Gujarat. 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 opportunity is set at INR 22,95,000, with an Earnest Money Deposit (EMD) of INR 2,29,500 required to participate. This is a significant chance to acquire a commercial asset in a developing area.
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 commercial property in Sachin, Surat, presents a calculated opportunity given its location and size. The reserve price seems reasonable, but potential investors should conduct thorough due diligence and property assessment before bidding. With a strategic approach, this auction could be a viable investment.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
