AUCTION: Commercial and Residential Plots at Canal Bank Cooperative Housing Society Lahore

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Canal Bank Cooperative Housing Society Lahore is offering its prime commercial and residential plots for sale through a sealed bid auction process. This is a significant opportunity for investors and individuals seeking property in a well-established society located on Canal Bank Road, Lahore. The auction includes two distinct plots with clear reserve prices and participation requirements. Items being auctioned: - 2.67 kanal commercial plot, located at 2 kilometer Thokar Niaz Baig, Canal Bank Road, Lahore. Reserve Price: Rs. 16.0 Million. For participation, CDR: Rs. 0.5 Million. - 7.83 marla residential plot, located at 8 kilometer Thokar Niaz Baig, Canal Bank Road, Lahore. Reserve Price: Rs. 7.0 Million. For participation, CDR: Rs. 0.4 Million. Both plots are situated at prime locations with easy access to major city arteries, making them ideal for commercial ventures or residential development. The society has outlined that all interested parties must submit a Call Deposit Receipt (CDR) as earnest money along with their sealed bids. The CDR must be in favor of Canal Bank Cooperative Housing Society. The last date for submission of sealed bids is 10 October 2026, and bids will be opened on the same day at 11:00 AM at the society office. Eligibility criteria require bidders to provide valid CDRs, and successful bidders must deposit 50% of the bid amount within 15 days of acceptance, with the remaining 50% payable within 45 days. Allotment will be finalized upon full payment. For further details, bidders are encouraged to contact the society office directly. A practical tip: ensure your CDR is correctly prepared and attached, as incomplete documentation may lead to disqualification. For more information, contact the society office at the numbers provided below.