Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612448
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹21,60,000
EMD:₹2,16,000
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
This is a prime commercial property located in Sachin, Surat, Gujarat. Suitable for various business ventures, this asset offers significant potential for growth in a developing area. The property is being auctioned by The Nasik Merchants Co-op Bank Ltd. as part of a SARFAESI action.
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 conducting a SARFAESI auction for a commercial property in Sachin, Surat, Gujarat. The auction will take place on November 25, 2025, from 12:00 PM to 03:00 PM. The reserve price is ₹21,60,000, with an Earnest Money Deposit (EMD) of ₹2,16,000 required to participate. This is an excellent opportunity to acquire a commercial asset in a key location.
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 is a commercial space in Sachin, Surat, offered at a reasonable reserve price. While the exact unit details aren't specified, the location on Magdall Highway suggests potential for business. The 'As is where is' condition and the need for due diligence temper the investment, meriting a 'Calculated Opportunity' rating.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
