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AUCTION: LDA City, Johar Town, and LDA Avenue Commercial and Residential Plots

Tender No: SPL-1892
Expired Tender
Closing Date:
2024-07-18

Tender Document

Tender Document

Tender Description

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 interested parties to participate in the open auction of fully developed commercial and residential plots located in LDA City, Johar Town, and LDA Avenue, Lahore. This auction presents a valuable opportunity for investors and end-users to acquire prime properties in some of Lahore's most sought-after localities. The auction will be conducted under transparent procedures, and successful bidders will benefit from easy installment plans and immediate possession upon completion of payment. Items being auctioned: - Commercial Plot, LDA City, 5 Marla, Reserve Price: PKR 9,500,000, Earnest Money: PKR 12,000 - Commercial Plot, Johar Town, 4 Marla, Reserve Price: PKR 7,500,000, Earnest Money: PKR 10,000 - Residential Plot, LDA Avenue, 5 Marla, Reserve Price: PKR 3,000,000, Earnest Money: PKR 8,000 All plots are fully developed and ready for immediate transfer. The auction is open to individuals, companies, and investors who meet the eligibility criteria. Interested bidders must submit the required earnest money (Pay Order) for each plot they wish to bid on. The successful applicants will be required to pay the remaining amount as per the installment schedule set by LDA. All participants must ensure they bring original CNIC and proof of payment for earnest money on the day of the auction. The auction will be held at the LDA office, and the deadline for submission of applications is strictly enforced. For further details, visit the official LDA website or scan the QR code provided in the notice. As a practical tip, bidders are advised to inspect the plot locations in person before the auction date and verify all documentation with LDA's sales department to avoid any discrepancies.
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