Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:612451
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹33,75,000
EMD:₹3,37,500
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 prime commercial property located in Sachin, Surat, Gujarat. Offered by The Nasik Merchants Co-op Bank Ltd, this asset presents a significant opportunity for investors and businesses. The property is suitable for a wide range of commercial activities and is situated in a developing area with potential for growth. Don't miss this chance to acquire a valuable commercial asset in 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, 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 commercial property in Sachin, Surat. The auction will take place on November 25, 2025, from 12:00 PM to 03:00 PM. The reserve price for this auction is ₹33,75,000, with an Earnest Money Deposit (EMD) of ₹3,37,500 required. This is a unique opportunity to bid on a commercial property being auctioned under the SARFAESI Act. Ensure you are prepared to participate in this important sale.
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
Located in Sachin, Surat, this commercial property offers a solid investment opportunity. The reserve price is reasonable, and the location on Magdall Highway ensures good visibility. The auction terms are standard, and the bank has physical possession.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
