AUCTION: Properties of Materials and Metallurgical Technologies (MATECH) in DHA Lahore and Faisalabad

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. This public auction notice is issued by the Banking Court No. III Lahore for the sale of properties belonging to Materials and Metallurgical Technologies (MATECH) as part of recovery proceedings. The auction will be held in Lahore, and interested parties are invited to participate in the open bidding process. The properties are located in prime areas of DHA Lahore and Faisalabad, making this a significant opportunity for investors and buyers seeking valuable real estate assets. Items being auctioned: - Property of Land at 83-E-1, Phase 8, DHA, Lahore (Measuring 1 Kanal 10 Marla) with a reserve price of Rs. 84,70,598.67 - Property of Land at 2-D, DHA, Faisalabad (Measuring 1 Kanal) with a reserve price of Rs. 41,91,068.00 - Property of Land at 3-D, DHA, Faisalabad (Measuring 1 Kanal) with a reserve price of Rs. 41,91,068.00 - Property of Land at 4-D, DHA, Faisalabad (Measuring 1 Kanal) with a reserve price of Rs. 69,69,687.67 The total reserve price for all properties is Rs. 1,38,13,8354. The auction will be conducted at the premises of the Banking Court No. III Lahore. Interested bidders must deposit earnest money of Rs. 1,000,000 through pay order or demand draft in favor of the court before participating. The auction schedule is as follows: inspection of properties on 21-09-2026, submission of bids by 29-09-2026, and the final auction on 30-10-2026 at 2:00 PM. All participants must bring original CNIC and proof of earnest money deposit. The successful bidder will be required to pay the full amount within the stipulated time as per court instructions. For bidders, it is advisable to visit the properties in advance and verify all legal documents to ensure a smooth transaction process.