Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612453
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹27,90,000
EMD:₹2,79,000
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. The asset is being auctioned by The Nasik Merchants Co-op Bank Ltd. It offers a significant opportunity for commercial ventures in a developing area. The property is ideal for businesses looking to establish a presence 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, 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 presents a SARFAESI auction for a valuable commercial property in Sachin, Surat. The auction will take place on November 25, 2025, from 12:00 PM to 03:00 PM. The reserve price is ₹27,90,000, with an Earnest Money Deposit (EMD) of ₹2,79,000. This is a must-attend event for investors and business owners seeking commercial real estate.
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 ₹2790000. While the location is promising, the auction terms and potential risks warrant careful consideration. It is a calculated opportunity for informed investors.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
