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

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) invites interested parties to participate in the open auction of fully developed commercial and residential plots located in LDA City Jinnah Sector and Jubilee Town. This auction presents a valuable opportunity for investors, builders, and individuals seeking prime property in Lahore's rapidly developing areas. The auction will be conducted for the following plots: - Commercial Plot, LDA City Jinnah Sector, 12,000 sq. ft., Reserve Price: Rs. 9,500,000 - Commercial Plot, Jubilee Town, 10,000 sq. ft., Reserve Price: Rs. 7,500,000 - Residential Plot, Jubilee Town, 5,000 sq. ft., Reserve Price: Rs. 3,000,000 All plots are fully developed and ready for immediate possession upon successful bidding and completion of formalities. The auction will be held at the designated LDA office in Lahore. Interested bidders must submit their applications along with the required earnest money and supporting documents before the closing date. Successful applicants will be eligible for a discount of Rs. 100,000 on booking. Participants are advised to bring original CNIC and proof of funds for verification. The auction process will be transparent and conducted in accordance with LDA's established procedures. For eligibility, bidders must be Pakistani nationals and comply with all LDA regulations. The last date for submission of applications is bold 2024-06-20 23:59:59 bold. For further details, visit the official LDA website or contact the auction office directly. A practical tip: Visit the site in person before bidding to assess location advantages and infrastructure, as this can significantly impact the future value of your investment.