Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612459
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 as part of a SARFAESI auction. The property is a commercial asset, formerly associated with the borrower M/s. Shhlok Enterprises.
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, Gujarat. The auction will take place on November 25, 2025, starting at 12:00 PM and concluding at 03:00 PM. The reserve price for this auction is ₹21,15,000, with an Earnest Money Deposit (EMD) of ₹2,11,500 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 Sachin location offers potential, but the details of the specific unit (shop number, floor) are missing, increasing risk. The moderate reserve price relative to the area suggests a calculated opportunity for investors familiar with the local Surat market. Further due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
