AUCTION: Sale of Commercial Plot No. 3, Survey No. 01, Murree, Punjab Provincial Cooperative Bank Limited

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Punjab Provincial Cooperative Bank Limited (PPCBL) is conducting an open auction for the sale of a prime commercial property located in Murree. The property consists of Commercial Plot No. 3, Survey No. 01, with a total area of 4746 square feet, situated at GPO Chowk, Murree. The reserve price for this plot has been set at PKR 27,057,000. This auction presents an excellent opportunity for investors and business owners seeking a valuable commercial site in the heart of Murree, a renowned tourist destination. Items being auctioned: - Commercial Plot No. 3, Survey No. 01, measuring 4746 square feet, located at GPO Chowk, Murree. Reserve price: PKR 27,057,000 The auction will be held on 6 November 2026 at 2:30 PM at the Punjab Provincial Cooperative Bank Limited, Murree Branch. Interested parties must deposit 10 percent of the reserve price as earnest money (Pay Order) in the name of PPCBL before participating in the auction. The successful bidder will be required to pay 3/4 of the total bid amount within one month of the auction date, with the remaining 1/4 to be paid within another month. Failure to pay within the stipulated time will result in forfeiture of the earnest money and cancellation of the bid. Participants must bring original CNIC and proof of earnest money deposit on the auction day. The property will be handed over after full payment and completion of legal formalities. For further details, interested bidders can contact the Murree Branch at 0303-4280032 or the PPCBL Head Office at 040-9200238. It is advisable to visit the site before the auction to assess the location and potential of the property. Bidders should ensure all documents are complete and verify the terms and conditions thoroughly before participating. A practical tip: Arrive early on auction day to complete registration and clarify any last-minute queries with the bank officials. This will help you avoid delays and ensure your participation is valid.