Tender Details
Description / Scope of Work
SME Bank Ltd. (In Official Liquidation), a federally owned institution, is offering for sale House No. 45, Block C/3, Gulberg-III, Lahore through an open sealed bid auction process. The property comprises a total land area of 04 Kanals, 07 Marlas and 113 square feet with a covered built-up area of 7,423 square feet as per approved building plans. The property includes complete infrastructure facilities including water, electricity, gas, roads and sewerage connections. A portion of the backyard measuring 5 marlas is currently leased to a mobile cellular company for a signals tower installation; the company will relocate and vacate this area by December 31, 2026 if required by the successful purchaser. The auction and sale are being conducted under the directions of the Hon'ble Islamabad High Court and remain subject to court confirmation.
Eligibility is open to all Pakistani individual nationals whether resident in Pakistan or abroad, as well as companies, firms and societies registered in Pakistan under applicable laws. Bidders must submit sealed bid offers accompanied by a bank draft or pay order of Rs. 10 million as earnest money by the submission deadline of November 5, 2026. The bid amount represents the total purchase price exclusive of applicable sales tax and charges. All bid submissions must be made to the given address on or before the specified deadline.
Successful bidders will be notified within 60 days of bid opening via acceptance letter. Payment is structured in three tranches: 25 percent within 20 days of acceptance, 50 percent within 45 days, and the final 25 percent within 90 days. A sale and purchase agreement will be executed within 3 days of the first tranche deposit. The bank will ensure property transfer and possession within 90 days of acceptance. All transfer costs including registration charges, stamp duty, department charges and applicable taxes must be borne by the successful bidder. Non-payment of tranches attracts penalties including forfeiture of earnest money and additional fines of up to 10 percent on unpaid amounts.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender, written with AI from the official notice and checked by our quality rules — not part of the official notice. Always confirm details against the original tender document.
A federally-owned bank is liquidating a high-value residential property in Lahore's premium Gulberg-III area through sealed competitive bidding.
The property is substantial (7,423 sq ft built on 4+ kanals) with complete utilities and a minor encumbrance (mobile tower) removable by end-2026. Earnest money of Rs. 10 million is required upfront; total outlay for winning bidders includes three staged payments plus all transfer costs and taxes—effectively raising the true acquisition cost well beyond the hammered price. The court-supervised process may appeal to institutional or experienced individual buyers seeking prime real estate but demands liquidity and careful financial planning.
Who can bid: Open to Pakistani nationals (resident or overseas) and registered Pakistani companies, firms or societies. No specific PEC or professional licensing mentioned. Bidders must demonstrate financial capacity to deposit Rs. 10 million earnest money and cover staged payments plus transfer costs (typically NTN and bank account verification are required for large property transactions in Pakistan).