Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610724
Bank Name:Tamilnad Mercantile Bank Limited
Branch Name:surat
Reserve Price:₹9,81,000
EMD:₹98,100
Auction Time:11:30 AM
Service Provider:Public Auction
Important Dates
Submission Date:19-11-2025 05:00 PM
Bid Start Date:2025-11-20
Property Description
This is a prime commercial shop located in the bustling Udhna area of Surat, Gujarat. Situated in a well-established commercial hub, this property offers excellent visibility and accessibility. Ideal for various retail or business ventures, it presents a fantastic opportunity for investors and entrepreneurs looking to establish or expand their presence in a thriving market. The property is part of a SARFAESI auction conducted by Tamilnad Mercantile Bank Limited.
State:Gujarat
City:Surat
Area:Udhna
Asset Category:Commercial
Full Address:303, Shree Arcade, Shop office No.303 situated in 3rd floor of building known as "Shree Arcade", constructed on the land bearing Block No. 179/1/B (Rev S.Nos. 113/1A and 113/1B), Town Planning Scheme No.69 (Godadara-Dindoli), O.P.No.154, Final plot No.154/B (The plot no. 154/B measuring 904.00 sq.mtrs) of village Dindoli, Udhna, Surat
Building/Society:Shree Arcade
Size:24.64 sq.mtrs
Auction Description
Tamilnad Mercantile Bank Limited is conducting an e-auction for a commercial shop in Udhna, Surat, under the SARFAESI Act. The auction will commence on November 20, 2025, at 11:30 AM and conclude at 12:30 PM on the same day. The reserve price for this valuable commercial asset is INR 9,81,000, with an Earnest Money Deposit (EMD) of INR 98,100 required to participate. This is a significant opportunity to acquire commercial real estate in a key business district.
Borrower Name:M/s. The Golden Green Gem Granite
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Bhimani Tusharbhai Dhirubhai
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a commercial space in Udhna, Surat, with a reasonable reserve price. However, potential buyers should conduct thorough due diligence to assess market demand and growth prospects in the area. The auction terms appear standard, making it a calculated opportunity for informed investors.
Contact Details
Branch:Branch Office : surat
Service Provider:Public Auction
Contact Details:
Authorised Officer
Contact no:0261-2366500
