Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 3.8
Auction ID:616331
Bank Name:Tamilnad Mercantile Bank Limited
Branch Name:Ringroad Branch
Reserve Price:₹12,75,000
EMD:₹1,27,500
Auction Time:12.30 PM for Property No. 3
Service Provider:Public Auction
Important Dates
Submission Date:28-11-2025 05:00 PM
Bid Start Date:2025-11-29
Property Description
This is a commercial property located on the Salabatpura Ring Road in Surat, Gujarat. The property is being auctioned by Tamilnad Mercantile Bank Limited under SARFAESI regulations. It was formerly occupied by M/s. Bansal Fashion. The area is a known commercial hub, offering good visibility and accessibility.
State:Gujarat
City:Surat
Area:Salabatpura Ring Road
Asset Category:Commercial
Full Address:Shop No. C-226, Kohinoor Textile Market, Kohinoor Textile Market, 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 is conducting a SARFAESI auction for a commercial property in Surat, Gujarat. The auction will take place online on November 29, 2025, from 12:30 PM to 01:30 PM. The reserve price for this auction is ₹12,75,000, with an Earnest Money Deposit (EMD) of ₹1,27,500 required to participate. This is a prime opportunity to acquire a commercial asset in a developing area.
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
Located in Kohinoor Textile Market, this commercial shop offers a good investment opportunity. With a reserve price of ₹12,75,000 and physical posession available, it's a viable option for business expansion or investment in Surat's textile industry.The location is prime but depends on the market conditions.
Contact Details
Branch:Branch Office : Ringroad Branch
Service Provider:Public Auction
Contact Details:
Contact no:0261-2366500
