AUCTION: House No. 274, Block HH, Phase IV, Defence Housing Authority Lahore (01 Kanal)

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Banking Court No. 3 Lahore is conducting a public auction of a prime residential property located at House No. 274, Block HH, Phase IV, Defence Housing Authority Lahore, measuring 01 Kanal. This auction is being held under the orders of the Honourable Judge, Banking Court No. 3 Lahore, for the recovery of outstanding dues against the property owner. Items being auctioned: - House No. 274, Block HH, Phase IV, Defence Housing Authority Lahore (01 Kanal) The property is situated in a highly sought-after area of DHA Lahore, offering excellent residential and investment potential. The official reserve price for the property is set at Rs. 39,397,400. The details of the property and financials are as follows: - Total dues: Rs. 15,312,917 - Expenses: NIL - Auction expenses: Rs. 90,502 - Total recovery: Rs. 15,403,419 - Upset price: Rs. 8,000,000 - Balance: Rs. 7,403,419 Interested bidders must deposit earnest money of Rs. 200,000 via pay order in the name of Nazir Banking Court No. 3 Lahore before participating in the auction. The auction will be held on 09-10-2026 at 01:00 PM at the premises of the Banking Court. Bidders are advised to inspect the property and verify all legal and physical aspects prior to bidding. The successful bidder will be required to pay the bid amount within the stipulated time as per court instructions. A practical tip: Ensure your earnest money pay order is prepared in advance and all required documents are complete, as late submissions or incomplete paperwork will disqualify you from the bidding process. For further details, contact the court auction office at the numbers provided below.