Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:612487
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹9,00,000
EMD:₹90,000
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 commercial property located in the Sachin area of Surat, Gujarat. The property is being auctioned by The Nasik Merchants Co-op Bank Ltd under the SARFAESI Act. It is a prime commercial asset suitable for various business ventures. The reserve price for this auction is INR 900,000.0, with an Earnest Money Deposit (EMD) of INR 90,000.0 required to participate.
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, Gujarat. This is an excellent opportunity to acquire a commercial asset. The auction will commence on November 25, 2025, at 12:00 PM and conclude on the same day at 03:00 PM. The bidding will start with a reserve price of INR 900,000.0. Interested parties must submit an EMD of INR 90,000.0 to participate in this auction.
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, along with the presence of 'Shhlok Arcade', make it a good commercial investment. The moderate reserve price and clear auction terms suggest a potentially valuable opportunity for investors seeking commercial real estate in a developing area. The auction terms are also relatively straightforward.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
