Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:612463
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹99,00,000
EMD:₹9,90,000
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
Discover a prime commercial property located in the bustling area of 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 thriving commercial hub. Don't miss this opportunity to invest in a strategically located commercial space.
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 valuable commercial property in Sachin, Surat. The auction begins on November 25, 2025, at 12:00 PM and concludes at 3:00 PM on the same day. The reserve price is set at ₹9,90,000, with an Earnest Money Deposit (EMD) of ₹99,000 required. This is a unique chance to acquire commercial real estate directly from the bank.
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 location in Sachin, Surat, combined with its commercial nature and substantial size, makes it a potentially lucrative investment. The reserve price appears reasonable, and the auction terms are standard. A strong buy recommendation is warranted based on the property's potential and the clear auction details.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
