Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612456
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹21,15,000
EMD:₹2,11,500
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 commercial property located in Sachin, Surat, Gujarat. It is being auctioned by The Nasik Merchants Co-op Bank Ltd. The property is suitable for various business purposes and presents a valuable investment opportunity in a key commercial area of Surat.
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
An SARFAESI auction will be held by The Nasik Merchants Co-op Bank Ltd for a commercial property in Sachin, Surat. The auction starts on November 25, 2025, at 12:00 PM and concludes at 03:00 PM on the same day. The reserve price is INR 21,15,000, with an Earnest Money Deposit (EMD) of INR 2,11,500. This is a prime opportunity to acquire a commercial asset 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 presents a calculated opportunity due to its location on Magdalla Highway in Sachin, Surat. The reserve price seems reasonable; however, potential investors should carefully assess the market value and consider any additional costs. The auction terms are standard, and due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
