Property Type:
Location:
Auction Date:Auction Details
Recommendation:Fair OptionScore: 3.5
Auction ID:616328
Bank Name:Tamilnad Mercantile Bank Limited
Branch Name:Ringroad Branch
Reserve Price:₹12,75,000
EMD:₹1,27,500
Auction Time:11.30 AM for Property No. 1
Service Provider:Public Auction
Important Dates
Submission Date:28-11-2025 05:00 PM
Bid Start Date:2025-11-29
Property Description
A prime commercial property located on the bustling Salabatpura Ring Road in Surat, Gujarat. This asset is ideal for businesses looking to establish or expand their presence in a high-traffic area. The property is being auctioned by Tamilnad Mercantile Bank Limited.
State:Gujarat
City:Surat
Area:Salabatpura Ring Road
Asset Category:Commercial
Full Address:C-171, Kohinoor Textile Market, Shop No.C-171, lower ground floor of Kohinoor Textile Market on Ward No.3, Nondh No.2157/A, 2157/B, 2157/C & 2158/A/2/A, Kamela Darwaja, Salabatpura, Ring Road, Salabatpura, Surat
Building/Society:Kohinoor Textile Market
Size:170 sq.ft
Auction Description
Tamilnad Mercantile Bank Limited presents a SARFAESI auction for a commercial property in Surat, Gujarat. The auction will take place on November 29, 2025, from 11:30 AM to 12:30 PM. The reserve price is ₹12,75,000, with an Earnest Money Deposit (EMD) of ₹1,27,500. This is a significant opportunity for investors and business owners.
Borrower Name:M/s. Bansal Fashion
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Manju Devi Bansal
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a commercial shop in a textile market in Surat, offered at ₹1275000 with physical posession. While the location offers potential, the price range suggests careful evaluation is needed. The details of e-auction and posession affects its value.
Contact Details
Branch:Branch Office : Ringroad Branch
Service Provider:Public Auction
Contact Details:
Contact no:0261-2366500
