Tender Details
Description / Scope of Work
The Official Liquidator of SME Bank Ltd invites sealed bids from interested parties for the auction sale of residential property located at House No 45, Block C-3, Gulberg-III, Lahore, measuring 4 Kanals, 7 Marlas and 113 Sq Ft on as-is-where-is basis. The property is being auctioned under the direction of the Islamabad High Court and shall be subject to confirmation by the IHC. Interested parties seeking further details regarding ownership documents and property status may contact Mr Rashid-ul-Ghafoor, In-Charge Service Division, SME Bank Ltd, Head Office, 56-F Nazimuddin Road, F-6/1, Blue Area, Islamabad, Cell No 03335549743, before the bid submission deadline.
Bidders must furnish a bank draft on or before the bid submission date as surety-earnest money equal to 10 percent of the bid offer, payable to SME Bank Ltd (IOL). The pay order demanded draft shall be refundable to unsuccessful bidders except the successful bidder. No offer will be accepted without surety-earnest amount greater than the bid offer; offers lacking surety-earnest money shall be rejected outright. Sealed bid envelopes marked as Bid for Auction of Lahore Property and Confidential must include complete address and phone cell numbers of the bidder and CNIC copy; if the offer is from a company, the bid must be signed by authorized company representative.
Sealed bids should reach the address below by post or by hand on or before the bid submission date, and shall be opened in the presence of bidders' representatives on the same day at 04:00 pm. If a successful bidder fails to comply with the payment mode or schedule within the given time period from receipt of bid acceptance letter, SME Bank Ltd (IOL) shall invoke penalty clauses including forfeiture of surety-earnest money as provided under the terms and conditions document. Submitted bids shall remain valid for at least 60 days from the date of opening. Pay Order Demand Drafts of all unsuccessful bidders shall be released within 60 days of opening. Detailed terms and conditions are available on the PPRA website www.ppra.org.pk and SME Bank Ltd website www.smebank.org. The Official Liquidator reserves the right to reject any or all bids as per relevant PPRA rules.
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.
Court-supervised auction of a premium Lahore residential property (4 kanals, 7 marlas, 113 sq ft) in Gulberg-III.
Sealed-bid format with 10% earnest money requirement and 60-day bid validity. Liquidation sale means as-is-where-is condition and IHC confirmation dependency—typical for distressed assets. Single property disposal, not recurring. Tight documentation and payment compliance demanded; forfeit risk if deadlines missed post-award.
Who can bid: No explicit PEC or business registration requirement stated. Typically, residential property auction bidders need active CNIC (individuals) or SECP registration with valid NTN (companies). IHC court order governs; PPRA rules apply. Pakistani nationals/entities presumed eligible unless court order restricts.