Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612473
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹19,80,000
EMD:₹1,98,000
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 the bustling area of Sachin, Surat, Gujarat. This asset offers excellent potential for business ventures in a rapidly developing region. Its strategic location ensures high visibility and accessibility, making it an attractive investment for entrepreneurs and established businesses alike. Don't miss this opportunity to acquire a valuable commercial space in one of Gujarat's key economic hubs.
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, Namely "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 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 03:00 PM on the same day. The reserve price is set at ₹19,80,000, with an Earnest Money Deposit (EMD) of ₹1,98,000 required. This is a unique chance to bid on a commercial property in Gujarat, offered by a reputable financial institution.
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, and commercial nature suggest moderate potential. The reserve price and auction terms warrant careful evaluation. This investment could yield returns, but due diligence is essential given the specifics of the auction.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
