Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612499
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹9,45,000
EMD:₹94,500
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 Sachin, Surat, Gujarat. This asset is part of a SARFAESI auction conducted by The Nasik Merchants Co-op Bank Ltd. Ideal for business ventures, this property offers significant potential in a developing commercial hub. Situated in Surat, a major economic center in Gujarat, it benefits from strong infrastructure and connectivity.
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 presents a SARFAESI auction for a commercial property in Sachin, Surat. The auction features a reserve price of ₹9,45,000.00 and requires an Earnest Money Deposit (EMD) of ₹94,500.00. The auction will take place on November 25, 2025, commencing at 12:00 PM and concluding at 03:00 PM. This is a unique opportunity to acquire a commercial asset in a growing region.
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:Not Known to Bank
Why This Property
This commercial property in Sachin, Surat, presents a calculated opportunity due to its location and size. The relatively low reserve price and EMD, combined with 'Physical' possession status, make it an attractive investment. However, potential buyers should conduct thorough due diligence regarding the property's encumbrances and market value to make an informed decision.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
