Sale of Mortgaged Agricultural and Residential Property in Sialkot

The Lahore High Court Lahore is offering for sale mortgaged properties located in Sialkot, Punjab. This sale is under the execution application number 98105/2017 involving Habib Metropolitan Bank Limited and M/S Nazir Rice Mills. The properties include agricultural land measuring 38 Kanal 11 Marlas, residential land of 6 Kanal 18 Marlas, and a combined land and building area totaling 74 Kanal 7 Marla at Main Daska Sialkot Road, Jasser Wala, Daska. The reserved prices for these properties are PKR 45,320,000, PKR 47,160,000, and PKR 296,117,602 respectively, summing to an estimated value of over **PKR 388 million**. The auction process is governed by Rule 66 of Order XXI of the Code of Civil Procedure 1908. Interested bidders must deposit earnest money of PKR 500,000 as a CDR before the start of bidding. The highest bidder will be required to pay 25% of the bid amount immediately and the balance within 15 days. Failure to comply will result in forfeiture of earnest money. The auction will be held on 30-07-2026 at 2:00 pm, with proclamations posted at the court and property site on 6-06-2026 and 13-06-2026 respectively, and advertised in newspapers on 26-06-2026. Bidders should ensure they verify the title and condition of the property prior to bidding. Registration with FBR and a valid NTN is recommended for participation. No specific PEC category applies as this is a property sale. The submission deadline is strictly the auction date, and all payments and documentation must be completed as per court instructions. A practical tip for bidders is to attend the site visit on the proclamation date to assess the property condition firsthand. This helps avoid surprises and ensures informed bidding. Also, prepare the earnest money CDR in advance to avoid last-minute delays at the auction venue. This opportunity is ideal for investors and developers seeking prime land and buildings in Sialkot with clear legal backing from the Lahore High Court.