Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612500
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹8,46,000
EMD:₹84,600
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 Sachin, Surat, Gujarat. This asset, previously belonging to M/s. Shhlok Enterprises, is being auctioned by The Nasik Merchants Co-op Bank Ltd. Ideal for business ventures, this property offers significant potential in a developing commercial hub. Don't miss this opportunity to acquire a valuable 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 presents a SARFAESI auction for a commercial property in Sachin, Surat. 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 auction is INR 846,000, with an Earnest Money Deposit (EMD) of INR 84,600 required. Secure your bid for this commercial asset.
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 is a commercial space in Sachin, Surat, offered at a reasonable reserve price. While the location appears promising, further due diligence is needed to assess the property's encumbrances and market potential. The physical possession status is a positive factor, but the auction terms require careful review.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
