AUCTION: Standard Chartered Bank Properties in Karachi, Lahore, and Rawalpindi

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Standard Chartered Bank is inviting bids for the auction of its properties located in Karachi, Lahore, and Rawalpindi. This auction presents an opportunity for interested parties to acquire valuable real estate assets in prime urban locations. The auction is being managed by Savills and CRES, and all interested bidders are encouraged to participate by submitting their offers before the deadline. Items being auctioned: - Karachi: Plot No. 536, SC-7, Block 7, KDA Scheme 5, Clifton, measuring 6471 sq. ft. (Residential) - Lahore: Plot No. B-2-B-91, Block B-2, Gulberg III, measuring 4612 sq. ft. (Residential) - Rawalpindi: Plot No. SR/21/21/21, Block SR, Satellite Town, measuring 9821 sq. ft. (Residential), with additional plots M6, M7, 106, 105, 108, 107 (details as per notice) Each property is offered on an as-is-where-is basis. The technical scope includes the transfer of ownership to successful bidders upon completion of all formalities. Bidders must ensure compliance with all legal and regulatory requirements for property acquisition in Pakistan. Eligibility criteria include submission of earnest money as specified in the auction documents, valid CNIC, and proof of financial capability. Institutional and individual bidders are both eligible. The auction will be conducted at the designated venue, and all bids must be submitted in sealed envelopes by 25 August 2026, 06:00 PM. Late submissions will not be entertained. For further details, interested parties may contact Savills at 021-35612550 or 0346-8211074. The auction documents can be obtained from the offices of Savills or CRES. It is advisable for bidders to visit the properties prior to the auction date to assess their condition and location. A practical tip: Ensure your earnest money pay order is prepared in advance and all required documents are complete to avoid last-minute issues during bid submission.