Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612449
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹8,12,16,000
EMD:₹81,21,600
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 part of a SARFAESI auction and presents a valuable opportunity for business expansion or investment in a developing area. The property is categorized as commercial, suitable for various business ventures.
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 Namely Shhlok Arcade Sachin, Magdall Highway, Surat, 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, Gujarat. The reserve price is set at INR 21,60,000 with an EMD of INR 2,16,000. The auction will take place on November 25, 2025, starting at 12:00 PM and concluding at 03:00 PM. This is a unique chance to acquire a commercial asset through a public 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 commercial nature and location in Sachin, Surat, present a reasonable investment prospect. However, potential investors should carefully evaluate the reserve price and auction terms. The recommendation leans towards a 'Calculated Opportunity' due to the limited information.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
