Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612464
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹18,00,000
EMD:₹1,80,000
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
A prime commercial property located in Sachin, Surat, Gujarat, offering a strategic business location. This asset is part of a SARFAESI auction conducted by The Nasik Merchants Co-op Bank Ltd. Ideal for investors and business owners seeking commercial space in a developing area. The property presents a significant opportunity for growth and expansion.
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, "Shhlok Arcade", Sachin, Magdall Highway, Sachin, Surat
Building/Society:Shhlok Arcade
Size:7814.39 Sq.mts
Auction Description
The Nasik Merchants Co-op Bank Ltd is holding a SARFAESI auction for a valuable commercial property in Sachin, Surat, Gujarat. The auction will commence on November 25, 2025, at 12:00 PM and conclude at 03:00 PM on the same day. The reserve price is set at 18,00,000, with an Earnest Money Deposit (EMD) of 1,80,000. This is a unique chance to acquire commercial real estate through a transparent auction process.
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 commercial nature and location in Sachin, Surat, offer potential. However, careful consideration is needed due to the auction terms and the competitive market. The reserve price and EMD represent a moderate barrier to entry, suggesting a 'Calculated Opportunity' for investors willing to conduct thorough due diligence.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
