Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612476
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹15,03,000
EMD:₹1,50,300
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 business ventures, this asset offers significant potential in a developing 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, Gujarat. The auction will take place on November 25, 2025, starting at 12:00 PM and ending at 03:00 PM. The reserve price is ₹15,03,000.00 and the EMD is ₹1,50,300.00. This is an excellent opportunity to acquire a commercial asset through a bank auction.
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
This commercial property in Sachin, Surat, offers potential due to its location and size, but the auction terms and the 'as is where is' condition require careful evaluation. The reserve price appears reasonable, but potential buyers should conduct thorough due diligence. The property is a calculated opportunity.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
