Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612488
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹24,75,000
EMD:₹2,47,500
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 commercial property located in Sachin, Surat, Gujarat. It is being auctioned by The Nasik Merchants Co-op Bank Ltd as part of a SARFAESI auction. The property is ideal for business ventures looking for a strategic location within a developing commercial hub.
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, Shhlok Arcade, Sachin, Magdall Highway, Sachin, Surat
Building/Society:Shhlok Arcade
Size:7814.39 Sq.mts
Auction Description
The Nasik Merchants Co-op Bank Ltd is holding a SARFAESI auction for a commercial property in Sachin, Surat, Gujarat. The auction will take place on November 25, 2025, from 12:00 PM to 03:00 PM. The reserve price for this asset is ₹24,75,000, with an Earnest Money Deposit (EMD) of ₹2,47,500 required to participate. This is a prime opportunity to acquire a commercial asset 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:Not Known to Bank
Why This Property
The property, a commercial shop in Sachin, Surat, presents a calculated opportunity given its location and size. While the reserve price seems reasonable, potential investors should consider the overall market conditions and thorough due diligence. The physical possession status is advantageous.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
