Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612508
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹10,80,000
EMD:₹1,08,000
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
This is a prime commercial property located in Sachin, Surat, Gujarat. Ideal for businesses seeking a strategic location within a developed area. The property is being auctioned by The Nasik Merchants Co-op Bank Ltd.
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 commercial property in Sachin, Surat. The auction will take place on November 25, 2025, from 12:00 PM to 3:00 PM. The reserve price is INR 10,80,000, with an Earnest Money Deposit (EMD) of INR 1,08,000. This is a valuable opportunity to acquire a commercial asset in a key business district.
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, offers potential due to the area's developing commercial landscape. However, the specific terms of the auction and the bank's 'as is where is' condition require careful evaluation. The reserve price appears reasonable, but a thorough due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
