Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612498
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹9,45,000
EMD:₹94,500
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 prime commercial property located in Sachin, Surat, Gujarat. The property is being auctioned by The Nasik Merchants Co-op Bank Ltd as part of a SARFAESI action against the borrower M/s. Shhlok Enterprises. This is a great opportunity to acquire a commercial asset in a developing area. The property is suitable for various business ventures and offers significant potential for growth. Its location in Surat, a major industrial and commercial hub in Gujarat, further enhances its investment appeal.
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, 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 auction has a reserve price of ₹9,45,000 and requires an Earnest Money Deposit (EMD) of ₹94,500. The auction will take place on November 25, 2025, starting at 12:00 PM and concluding at 03:00 PM. This is a time-sensitive opportunity to bid on a commercial asset. Interested parties are advised to review all auction terms and conditions provided by The Nasik Merchants Co-op Bank Ltd before participating.
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 offers a decent opportunity given its commercial nature and location in Sachin, Surat. However, the smaller unit sizes might limit its appeal to larger businesses. The reserve price seems reasonable, making it a calculated investment for those seeking commercial space in the area.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
