Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612436
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹24,30,000
EMD:₹2,43,000
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, part of a SARFAESI auction by The Nasik Merchants Co-op Bank Ltd, offers excellent potential for business ventures. Situated in a key commercial hub, it provides accessibility and visibility, making it an attractive investment opportunity. The property is suitable for a wide range of commercial uses, benefiting from the dynamic economic environment 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, 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 valuable commercial property in Sachin, Surat. The auction will take place online, with bidding open from 12:00 PM to 03:00 PM on November 25, 2025. The reserve price for this commercial asset is set at ₹24,30,000, with an Earnest Money Deposit (EMD) of ₹2,43,000 required to participate. This is a significant opportunity to acquire a commercial space in Gujarat's prominent city of Surat, previously associated with M/s. Shhlok Enterprises.
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 reserve price of ₹2430000. While the location has potential, prospective buyers should carefully evaluate the auction terms, encumbrances (if any), and market conditions before bidding. This represents a calculated opportunity for informed investors.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
