Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612471
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 versatile commercial property located in the bustling area of Sachin, Surat, Gujarat. This asset presents a prime opportunity for businesses seeking a strategic location within a developing commercial hub. The property is suitable for a wide range of commercial activities and benefits from the growing economic landscape of Surat. Its accessibility and prominent position make it an attractive investment for entrepreneurs and established businesses alike.
State:Gujarat
City:Surat
Area:Sachin
Asset Category:Commercial
Full Address: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
Size:7814.39 Sq.mts
Auction Description
The Nasik Merchants Co-op Bank Ltd presents a SARFAESI auction for a valuable commercial property in Sachin, Surat. The auction opens on November 25, 2025, at 12:00 PM and concludes at 3:00 PM on the same day. The reserve price is set at INR 24,30,000 with an Earnest Money Deposit (EMD) of INR 2,43,000. This is a fantastic opportunity to acquire a commercial asset in Gujarat through a transparent auction process. Don't miss out on this chance to invest in Surat's thriving market.
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
Located in Sachin, Surat, this commercial property offers potential due to its location on Magdall Highway. The reserve price of ₹2430000.0 and EMD of ₹243000.0 make it a calculated opportunity for investors willing to assess the local market dynamics. While not a 'Prime Investment', it warrants consideration for its commercial viability.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
