AUCTION: Commercial and Residential Plots for Sale at Lahore Canal Bank Housing Scheme

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Punjab Cooperative Housing Foundation is inviting sealed bids for the auction of commercial and residential plots at the prestigious Lahore Canal Bank Housing Scheme. This is a unique opportunity for interested parties to acquire prime property in a well-developed area of Lahore, with direct access to Thokar Niaz Baig and Multan Road. The auction is open to all eligible bidders who meet the participation requirements. Items being auctioned: - 2.67 Marla Commercial Plot, Block A, Canal Bank Housing Scheme, Lahore (near Thokar Niaz Baig, 2 km from Multan Road). Reserve Price: Rs. 16.0 Million. For participation CDR: Rs. 0.5 Million - 7.83 Marla Residential Plot, Block C, Canal Bank Housing Scheme, Lahore (8 km from Thokar Niaz Baig, near Multan Road). Reserve Price: Rs. 7.0 Million. For participation CDR: Rs. 0.4 Million Both plots are ideally located for commercial and residential development, offering excellent investment potential. The auction will be conducted through sealed bids, which must be submitted by 8 October 2026 at 11:00 AM at the office of Punjab Cooperative Housing Foundation, 2nd Floor, Thokar Niaz Baig, Canal Bank, Multan Road, Lahore. Bidders must submit a Call Deposit Receipt (CDR) as earnest money for each plot they wish to bid on. The CDR must be attached with the bid documents, and separate CDRs are required for each plot. Eligibility criteria include submission of valid CNIC, CDR as per plot, and compliance with all terms and conditions outlined in the auction notice. Successful bidders will be required to deposit 50% of the bid amount within 15 days of acceptance, with the remaining 50% payable within the stipulated period. For best results, ensure your CDR is prepared in advance and all documents are complete to avoid last-minute issues. For further details, contact the office at the numbers provided below.