AUCTION: Apna Bank Limited Mortgaged Properties (Residential, Commercial, Agricultural, Industrial) Across Multiple Cities June 2024

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Apna Bank Limited invites interested parties to participate in the open auction of a wide range of mortgaged properties, including residential, commercial, agricultural, and industrial assets, located in various cities across Pakistan. This auction provides an opportunity for individuals and investors to acquire properties at competitive prices through a transparent process. The auction will be conducted as per the schedule and terms outlined by Apna Bank Limited, with properties available in cities such as Lahore, Karachi, Multan, Faisalabad, Rawalpindi, Gujranwala, Sialkot, and several others. Items being auctioned: - Residential plots, houses, and apartments in Lahore, Karachi, Multan, Faisalabad, Rawalpindi, Gujranwala, Sialkot, and other cities (detailed property addresses, plot sizes, and property types are listed in the notice) - Commercial shops, plazas, and offices in major urban centers - Agricultural land parcels in rural districts - Industrial plots and factory sites in designated industrial zones - Each property is listed with its unique reference number, location, property type, and area (marla, kanal, square yards, acres, etc.) - Reserve price or upset price is mentioned for each lot where applicable The technical scope includes the transfer of ownership rights to successful bidders upon completion of the auction process and fulfillment of all legal and financial requirements. Interested bidders must ensure compliance with the eligibility criteria, including submission of earnest money (Pay Order or CDR) as specified for each property, provision of valid CNIC, and adherence to the terms and conditions set by Apna Bank Limited. The auction is open to individuals, companies, and investors who meet the bank's requirements. Bidders are advised to inspect the properties prior to the auction date and verify all details from the bank's authorized representatives. The deadline for submission of bids is 21 June 2024. Bids must be submitted in sealed envelopes at the designated Apna Bank Limited branch or as per the instructions provided in the notice. For further details, contact the bank's auction coordinator or visit the official website. A practical tip: Carefully review the legal status and documentation of your chosen property and ensure your earnest money instrument is prepared in advance to avoid last-minute issues.