Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610725
Bank Name:Tamilnad Mercantile Bank Limited
Branch Name:surat
Reserve Price:₹29,71,000
EMD:₹2,97,100
Auction Time:12:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:19-11-2025 05:00 PM
Bid Start Date:2025-11-20
Property Description
This is a bank auction for a commercial shop located in Dindoli, Surat, Gujarat. The property is being auctioned by Tamilnad Mercantile Bank Limited. It is a prime commercial space in a developed area, suitable for various business ventures. The auction is conducted under the SARFAESI Act.
State:Gujarat
City:Surat
Area:Dindoli
Asset Category:Commercial
Full Address:304, Shree Arcade, Shop office No.304, Shree Arcade, Block No. 179/1/B (Rev S.Nos. 113/1A and 113/1B), Town Planning Scheme No.69 (Godadara-Dindoli), O.P.No.154, Final plot No. 154/B, Dindoli, Surat
Building/Society:Shree Arcade
Size:76.66 sq.mtrs
Auction Description
Tamilnad Mercantile Bank Limited is holding a SARFAESI auction for a commercial shop in Dindoli, Surat, Gujarat. The auction is scheduled for November 20, 2025, from 11:30 AM to 12:30 PM. The reserve price is INR 29,71,000, with an Earnest Money Deposit (EMD) of INR 2,97,100. This is a significant opportunity to acquire a commercial asset in Surat.
Borrower Name:M/s. The Golden Green Gem Granite
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Bhimani Rakesh Dhirubhai, Mr.Bhimani Tusharbhai Dhirubhai
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a commercial shop in Surat, a growing industrial city. The reserve price is reasonable, but further due diligence is recommended. This offers a calculated opportunity for investors interested in commercial real estate in a developing area.
Contact Details
Branch:Branch Office : surat
Service Provider:Public Auction
Contact Details:
Contact no: —
