AUCTION: Mortgage Immovable Properties Situated at Lahore and Islamabad Districts

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Hon'ble Lahore High Court announces the auction of mortgage immovable properties situated in Lahore and Islamabad Districts under Execution Petition No. 9156/22. The auction is in favor of the Decree Holder Bank and against judgment debtors including Bank Islami Pakistan Limited, Pak Brunci Investment Company Limited, The Bank of Punjab, House Building Finance Company Limited, First Credit Investment Bank Limited, PAIR Investment Company Limited, IGI Investment Bank Limited, and Soneri Bank Limited versus Eden Housing Limited, Dawood Family Takaful Limited, Integrated Equities Pvt Limited, and Kamran Ilahi. Items being auctioned include extensive parcels of land and properties at Mouza Dullu Kalan, Dullu Khurd, and Janjatay measuring thousands of kanals and marlas with detailed plots and khasras listed in the notice. The properties are mortgaged assets belonging to the judgment debtors and will be sold through open public auction on an 'as is where is' basis. Reserve prices have been set by the Hon'ble Court: Property A at Rs. 5,022,392,000 and Property B at Rs. 169,600,000. The auction proceedings will be held at the site with auction dates for Property A on 03.12.2026 at 02:00 p.m. and Property B on 04.12.2026 at 02:00 p.m. Auction posters will be pasted at the court premises and respective property sites on specified dates. Eligibility requires bidders to deposit Rs. 100,000 as earnest money before participating. Payment must be made via bank draft, pay order, or cheque in favor of the Decree Holder. The highest bidder must pay the reserved price within 15 days. The Court Auctioneer reserves the right to adjourn or cancel the auction as per court rules. Interested bidders should note the detailed terms and conditions of the auction, including the absence of warranties by the Decree Holder and the requirement to satisfy themselves regarding the title and encumbrances of the properties. This auction provides a unique opportunity to acquire prime immovable properties in Lahore and Islamabad districts. Bidders are advised to carefully review the detailed property descriptions and terms. Timely submission of earnest money and adherence to auction procedures will ensure eligibility. For best results, bidders should visit the property sites and court premises ahead of auction dates to verify details and prepare their bids accordingly.