AUCTION: Mortgaged Properties of Sumaira Flour Mills Pvt Ltd Including DHA Lahore Houses and Agricultural Land Sheikhupura

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 a public auction of mortgaged properties in the account of M/s Sumaira Flour Mills (Private) Limited, following default on finance facilities. The auction will be held at the respective property sites in Lahore and Sheikhupura, with the process managed by the Special Assets Management Division at the Bank's Head Office in Lahore. This is a significant opportunity for interested buyers to acquire prime residential and agricultural assets through a transparent open auction process. Items being auctioned: - Residential Property measuring 32.04-Marlas (covered area 7,068 sq.ft.), House No. 205, Block B, Phase XII, DHA EME, Lahore (Reserve Price: Rs. 86.197 Million, Auction: 01/09/2026 at 1:00 PM) - Residential Property measuring 10-Marlas (covered area 2,950 sq.ft.), House #134, Block G, DHA Town, Co-operative Housing Scheme Limited, Lahore (Reserve Price: Rs. 34.624 Million, Auction: 02/09/2026 at 1:00 PM) - Land measuring 59.31 Acres (Agricultural Land), Hadbast Mouza Babakwal, adjacent to Der Aman Azher, Tehsil Ferozewala, District Sheikhupura (Reserve Price: Rs. 384.532 Million, Auction: 03/09/2026 at 1:00 PM) The properties are being sold on an as-is-where-is basis. Interested parties must submit a Bank Draft/Pay Order/CDR of Rs. 1,000,000 per property in the name of The Bank of Punjab, along with a copy of CNIC and contact details. The highest bidder will be declared successful, subject to approval by the Bank. The successful bidder must deposit 25% of the bid within two business days and the remaining amount within fifteen days of the initial deposit. All applicable taxes, transfer fees, and charges are to be borne by the successful bidder. The auction is open to all eligible individuals and entities. It is advisable to inspect the valuation reports at the Bank's Head Office, Gulberg-III, Lahore, during office hours before participating. Ensure all bid documents are complete and earnest money is attached to avoid disqualification. For bidders, a practical tip is to review the property titles and visit the sites in advance to assess the location and condition, as the sale is strictly on an as-is-where-is basis. This can help you make an informed decision and prepare for the auction day. For further details, contact the Unit Head-Special Assets Management Division at the Bank of Punjab, Head Office, Lahore. Submission of bids and participation will be as per the schedule and terms outlined in the notice.