Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612440
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 Sachin, Surat, Gujarat, offered by The Nasik Merchants Co-op Bank Ltd. This asset is ideal for business ventures looking for a strategic location within a developing commercial hub. The property is situated in a well-connected area, offering accessibility and potential for growth. Don't miss this opportunity to acquire a valuable commercial asset in 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 presents a SARFAESI auction for a commercial property in Sachin, Surat. The auction begins on November 25, 2025, at 12:00 PM and concludes at 3:00 PM on the same day. The reserve price is set at ₹24,30,000, with an Earnest Money Deposit (EMD) of ₹2,43,000 required to participate. This is a unique chance to bid on a commercial property under SARFAESI provisions.
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 shop in Sachin, Surat, offered at a reserve price of ₹2430000. While the location is good, potential investors should carefully assess the market conditions and conduct due diligence, making it a calculated investment opportunity rather than a guaranteed high-return prospect.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
