AUCTION: Commercial and Residential Plots in LDA City Jinnah Sector, Lahore

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 applications for the auction of commercial and residential plots located in the fully developed Jinnah Sector of LDA City, Lahore. This is a prime opportunity for investors and individuals seeking to acquire property in a well-planned and rapidly developing area of Lahore. The auction is open for both commercial and residential plots, with flexible installment plans available for successful bidders. Items being auctioned: - Commercial Plot Type T, 5 Marla, Reserve Price: Rs. 9,500,000, Application Fee: Rs. 12,000 - Commercial Plot Type Z, 4 Marla, Reserve Price: Rs. 7,500,000, Application Fee: Rs. 10,000 - Residential Plot Type K, 5 Marla, Reserve Price: Rs. 3,000,000, Application Fee: Rs. 8,000 All plots are situated at prime locations within the Jinnah Sector, offering excellent investment potential and immediate development prospects. The auction will be conducted through a transparent balloting process, and successful applicants will be required to deposit the specified application fee along with their request. The department has emphasized that all payments must be made in accordance with the published schedule, and compliance with the terms and conditions is mandatory. Applicants must ensure they submit complete documentation and the required earnest money to participate in the auction. The deadline for submission is bold 10 July 2024 bold. For further details, visit the official LDA website or contact the relevant office. A practical tip for interested bidders: review the installment plan and reserve prices carefully, and ensure your application is submitted well before the deadline to avoid last-minute issues.