Auction of Immovable Mortgaged Properties in Sialkot

Habib Bank Limited is conducting a public auction for several immovable mortgaged properties located in Sialkot, Punjab. The auction is organized under the jurisdiction of the Lahore High Court Lahore, specifically under the Financial (Recovery of Finances) Ordinance, 2001. The properties include land parcels of various sizes situated at strategic locations such as Wazirabad Road, Model Town, Capital Road, and others within Sialkot district. The auction covers multiple properties with reserve prices ranging from PKR 16,000,000 to PKR 1,400,000,000. These properties are mortgaged assets belonging to different debtors and judgment debtors. The auction schedule is staggered with specific dates and times for each property, starting from 30th July 2026 through 6th August 2026. Interested bidders must participate in open public auctions held at designated court premises and sites as per the schedule. Bidders are required to submit earnest money deposits (EMD) of PKR 300,000 via bank draft, pay order, or cheque before participating in the bidding process. The auctioneer will only accept payments that satisfy the court’s requirements. The highest bidder will be declared the purchaser, subject to court approval and payment of the balance within 15 days. Failure to comply will result in forfeiture and re-auctioning of the property. This auction is open to all members of the general public who meet the eligibility criteria, including valid FBR registration and compliance with court auction terms. The properties are sold on an as-is-where-is basis, and bidders should conduct due diligence regarding title and encumbrances prior to bidding. The auctioneer’s office is located at Suit No.4, 4th Floor, Saf Centre, 8 Fare Road, Lahore. A practical tip for bidders is to ensure timely submission of the earnest money and to attend the auction on the specified date and time to avoid disqualification. This auction presents a significant opportunity for investors and developers interested in acquiring prime real estate assets in Sialkot at competitive prices.