Lahore: The Lahore Development Authority (LDA) has announced the date to hold a public auction for residential and commercial plots in Jubilee Town, Gujjarpura and Mustafa Town, according to a publication. As per the source, this event will also cover the balloting of additional plots reserved for the establishment of educational facilities in Jubliee Town and Faisal Town.
The interested parties have been asked to submit the communicated earnest money in cash or as a demand draft/pay order in favour of LDA’s Urban Development (UD) Wing — which is to be deposited at booths installed at branches of the Allied Bank of Pakistan. This sum will be refundable except for the winning bids, with interested parties also requested to bring three attested copies of their computerised national identity cards (CNICs) along with all other required documents.
The people with winning bids will have to pay a third of the total plot price within 7 days in cash or via pay order, or their earnest money will be confiscated by the LDA. The remaining two-thirds of the plot prices will be payable within 30 days. In addition, these plots will be sold on an ‘as-is’ basis and the LDA administration will be within its right to reject any bids without showing cause. The authority will be the absolute authority on approval or rejection of bids.
For
more information about the auction, people can log on to LDA’s official website
or contact the office of the Deputy Director Sales and Allotment LDA.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
