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

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, Jubilee Town, and LDA Avenue One, Lahore. This auction presents a valuable opportunity for investors, builders, and individuals seeking prime property in Lahore's most sought-after localities. The auction will be held at the LDA Community Centre, New Muslim Town, Lahore, on the specified date. Items being auctioned: - Commercial Plot, LDA City, 12,000 sq ft, Reserve Price: PKR 9,500,000 - Commercial Plot, Jubilee Town, 8,000 sq ft, Reserve Price: PKR 7,500,000 - Residential Plot, LDA Avenue One, 8,000 sq ft, Reserve Price: PKR 3,000,000 Each plot is fully developed and ready for immediate possession upon successful bidding and completion of formalities. The auction is open to all eligible Pakistani citizens, companies, and firms. Interested bidders must bring their original CNIC and deposit the required earnest money as per LDA's auction rules. The successful bidder will be required to pay the bid amount as per the schedule outlined by LDA. All plots are free from litigation and have clear title, ensuring a secure investment. The auction will be conducted in a transparent manner, and all participants are encouraged to inspect the plots prior to the auction date. For further details, terms and conditions, and plot locations, visit the official LDA website or contact the auction office. The last date for participation is bold 2024-07-02 23:59:59. A practical tip: Arrive early on auction day to complete registration and review the auction terms, as this can give you a strategic advantage in the bidding process.