Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612434
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
This is a prime commercial property located in Sachin, Surat, Gujarat, brought to you by The Nasik Merchants Co-op Bank Ltd. Ideal for business ventures, this asset is part of a SARFAESI auction. Its strategic location in Surat offers excellent connectivity and potential for growth. Don't miss this opportunity to acquire a valuable commercial asset in a thriving industrial area.
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 commercial property in Sachin, Surat, Gujarat. The auction has a reserve price of ₹24,30,000 and requires an EMD of ₹2,43,000. The auction will take place online on November 25, 2025, starting at 12:00 PM and concluding at 03:00 PM. This is a significant opportunity for investors and businesses looking to acquire commercial real estate in a key Gujarat 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
This commercial property in Sachin, Surat, presents a calculated investment opportunity. The location on Magdall Highway offers good visibility, while the reserve price and EMD are moderate. Thorough due diligence is recommended to assess the property's market value and potential returns before bidding.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
