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AUCTION: Commercial and Residential Plots in LDA City Jinnah Sector, Jubilee Town, and LDA Avenue One

Expired Tender
Closing Date:
2024-06-19

Tender Description

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Lahore Development Authority (LDA) is inviting interested parties to participate in the open auction of fully developed commercial and residential plots located in LDA City Jinnah Sector, Jubilee Town, and LDA Avenue One, Lahore. This auction presents a significant opportunity for investors and individuals seeking prime property in Lahore's most sought-after localities. The auction will be conducted through a transparent balloting process, ensuring fairness and equal opportunity for all participants. Items being auctioned: - 5 Marla Commercial Plot, LDA City Jinnah Sector, Reserve Price: PKR 9,500,000, Application Fee: PKR 12,000 - 4 Marla Commercial Plot, Jubilee Town, Reserve Price: PKR 7,500,000, Application Fee: PKR 10,000 - 5 Marla Residential Plot, LDA Avenue One, Reserve Price: PKR 3,000,000, Application Fee: PKR 8,000 All plots are fully developed and ready for possession, making them ideal for immediate construction or investment. The auction is open to both individuals and businesses, with easy installment plans available for successful applicants. Applicants must submit their requests along with the required application fee and comply with the terms and conditions set by LDA. The process is designed to be investor-friendly, with a one-window facilitation desk and guidance available at the LDA office. Applicants are required to provide valid CNIC copies and pay the application fee via prescribed methods. The deadline for submission is strictly enforced, so ensure your documents and payments are complete before the closing date. The auction will be held at the LDA office, and successful bidders will be notified through official channels. Tip: Visit the site locations in person before bidding to assess the plot surroundings and development status. This can help you make a more informed investment decision and avoid surprises after the auction.
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