Property Type:
Location:
Auction Date:Auction Details
Recommendation:Fair OptionScore: 3.2
Auction ID:616330
Bank Name:Tamilnad Mercantile Bank Limited
Branch Name:Ringroad Branch
Reserve Price:₹12,75,000
EMD:₹1,27,500
Auction Time:12.00 PM for Property No. 2
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 prominent Salabatpura Ring Road in Surat, Gujarat. The property is being auctioned by Tamilnad Mercantile Bank Limited under the SARFAESI Act. This is a prime commercial asset, offering excellent potential for business ventures in a well-connected area.
State:Gujarat
City:Surat
Area:Salabatpura Ring Road
Asset Category:Commercial
Full Address:C-225, Kohinoor Textile Market, 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 is conducting a SARFAESI auction for a commercial property in Salabatpura Ring Road, Surat. The reserve price is ₹12,75,000, with an Earnest Money Deposit (EMD) of ₹1,27,500. The auction will take place on November 29, 2025, starting at 12:00 PM and concluding at 1:00 PM. This is a significant opportunity to acquire a commercial asset through a transparent bidding process.
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
This commercial shop in Kohinoor Textile Market, Surat, is a fair option due to its location and size, with a reserve price of ₹1275000. The Physical Possession status is a plus point. However, potential investors should thoroughly assess the market conditions and future prospects of the area before bidding.
Contact Details
Branch:Branch Office : Ringroad Branch
Service Provider:Public Auction
Contact Details:
Contact no:0261-2366500
