Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612482
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
A prime commercial property located in the bustling area of Sachin, Surat, Gujarat. This asset, formerly belonging to M/s. Shhlok Enterprises, is now up for auction by The Nasik Merchants Co-op Bank Ltd. Its strategic location in Surat offers excellent business potential.
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 commence on November 25, 2025, at 12:00 PM and conclude at 3:00 PM on the same day. The reserve price is set at INR 15,03,000.00, with an Earnest Money Deposit (EMD) of INR 1,50,300.00 required to participate.
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 commercial property in Sachin presents a calculated opportunity due to its location and reserve price. While the area is promising, potential investors should carefully consider market dynamics before bidding. Auction terms are standard, but due diligence is crucial for evaluating long-term value.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
