AUCTION: Land Plot with Building at Gilla Guljar Singh, Pathi Ground, Katchi Abadi, Lahore

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Bank of Punjab is conducting an open auction for a valuable piece of land with an existing building, located at Gilla Guljar Singh, Pathi Ground, Katchi Abadi, Lahore. This property is being offered as part of the bank's asset disposal process and presents a significant opportunity for interested buyers in the Lahore region. Items being auctioned: - Land plot measuring 2M-758/1, bearing Khasra No. 286 min, LDA Unit No. 422, along with the building constructed thereon (Property Unit No. 52-3TR-Pathi Ground, Katchi Abadi, Gilla Guljar Singh, Lahore) - Reserve Price: Rs. 16,750,000 - Earnest Money: Rs. 1,675,000 (10% of reserve price) The property is bounded on the North by Plot No. 43/2, South by Pathi Ground, East by Pathi Ground, and West by Road situated at Gilla Guljar Singh, Pathi Ground, Katchi Abadi, Lahore. The auction will be held at the designated branch office, and all interested parties are encouraged to inspect the property prior to the auction date. Eligibility criteria require bidders to deposit earnest money via pay order or demand draft in favor of the Bank of Punjab. The successful bidder must pay the remaining amount within the stipulated period after the auction. Bidders must also comply with all terms and conditions as outlined by the bank, including submission of valid CNIC and proof of funds. The auction is scheduled for 25-11-2026 at 2:00 PM. All bids must be submitted in person at the specified branch before the deadline. For further details, contact the provided phone number. A practical tip: visit the property site in advance to assess its condition and verify boundaries, as this will help you make an informed bid and avoid surprises after the auction.