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Description / Scope of Work
The Bank of Punjab invites interested parties to participate in an open auction for the purchase of bank-owned properties on an 'as is where is basis' basis in Punjab. The auction encompasses seven commercial and residential properties located in Lahore and Islamabad across multiple blocks of the Canal City Housing Scheme and Regent International area. Properties include open commercial plots ranging from 3.30 to 19.88 marla in area with reserve prices between 17,000 to 104,000 thousand rupees, and residential houses with similar specifications. The total portfolio value spans significant commercial real estate opportunities for qualified bidders seeking bank-owned assets in prime locations across Punjab province.
Eligible bidders must submit a bank draft or pay order in favor of The Bank of Punjab for a bid security amount of Rs. 500,000 minimum. The bid security should reference the property details and location of the asset being bid upon. Bidding will commence on a provisional basis upon receipt of the earnest money, with successful bidders liable to pay all applicable Federal and Provincial taxes and expenses upon transfer of property. The Bank of Punjab reserves the right to reject any or all bids without assigning reasons, and bidders must comply with standard banking and auction regulations as outlined in the bidding conditions.
The open auction is scheduled to commence at 01:00 PM on Wednesday, June 19, 2026, at all sites simultaneously. Bid documents and full property specifications are available from the Bank of Punjab Head Office located at 6th Floor, BOP Tower, 12-E, Block E-II, Main Boulevard, Gulberg III, Lahore. Successful bidders will be notified of bid acceptance at the auction spot on provisional basis, with 25 percent of the bid amount due within 7 days and the remaining balance within 30 days. Property transfer will occur in the name of the successful bidder following final payment. For further details and inquiries, contact the NBA Committee at the head office or call the provided telephone and fax numbers.