Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612490
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹24,48,000
EMD:₹2,44,800
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. The asset is offered by The Nasik Merchants Co-op Bank Ltd as part of a SARFAESI auction. This property presents a significant investment opportunity in a developing commercial hub. The area is known for its business potential, making this an attractive acquisition for astute investors or businesses looking to establish or expand their presence.
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. The auction has a reserve price of ₹24,48,000 and requires an EMD of ₹2,44,800. The auction will take place on November 25, 2025, commencing at 12:00 PM and concluding at 03:00 PM. This is a valuable opportunity to acquire commercial real estate through a transparent auction process.
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's location in Sachin, Surat, presents a decent opportunity, although the reserve price requires careful evaluation. As a commercial shop, it might offer steady rental income, but potential investors should assess the market conditions and encumbrance details before bidding. Auction terms seem standard, adding a layer of predictability.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
