Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612494
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹1,44,00,000
EMD:₹14,40,000
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, presented by The Nasik Merchants Co-op Bank Ltd, offers significant potential for business growth and investment in a developing commercial hub. Ideal for various business ventures, its strategic location ensures visibility and accessibility.
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 is conducting a SARFAESI auction for a valuable commercial property in Sachin, Surat. The auction will take place on November 25, 2025, with bidding open from 12:00 PM to 03:00 PM. The reserve price is set at ₹14,40,000, with an Earnest Money Deposit (EMD) of ₹1,44,000. This is a unique opportunity to acquire a commercial asset in Gujarat.
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 Sachin location offers potential, but the property type and auction terms require careful consideration. The reserve price seems reasonable, making it a 'Calculated Opportunity' for investors willing to perform due diligence.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
