Lahore: The Privatisation Commission has published the advertisement for the auction of government owned properties in Islamabad, Lahore and other cities in newspapers having wide circulation across the country on 6th of August 2020 and 23rd of August 2020.
The auction will feature properties including Land, Apartments, Penthouses and Shops located within famous building complexes, the Vogue Towers on MM Alam Road (Lahore), the Centaurus Mall in Islamabad, near Royal Palm City in Gujranwala, Prime Commercial Land in Faisalabad, Agricultural land in Vehari, Rahim Yar Khan, Nawab Shah and Industrial land in Multan.
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When and where will the auction event take place?
Below are the complete details on property types, venues and dates for the auction events:
| Sr No. | Property Type | Location | Area | Reserve Price (PKR) | Auction Venue | Auction Date |
| 1 | Land | Mouza Makhnial, Pir Sohawa, Haripur, KPK | 10 marla; 9 marla | 5,525,000 | Ramada Islamabad, 1, Club Road, Murree Road, Islamabad | 7-Sep-20 |
| 2 | Penthouse | Penthouse No. P-1, Block BB in Islamabad Country Club Apartment, Islamabad | 5,350 sq Fts | 30,000,000 | Ramada Islamabad, 1, Club Road, Murree Road, Islamabad | 7-Sep-20 |
| 3 | Penthouse | Penthouse No. P-2, Block BB in Islamabad Country Club Apartment, Islamabad | 5,350 sq Ft | 30,000,000 | Ramada Islamabad, 1, Club Road, Murree Road, Islamabad | 7-Sep-20 |
| 4 | Apartment | Apartment No.207-A, the Centaurus Residencia, Centaurus Mall, Sector F-8/4 Islamabad | 2,642 sq ft | 60,000,000 | Ramada Islamabad, 1, Club Road, Murree Road, Islamabad | 7-Sep-20 |
| 5 | Apartment | Flat No. 06, 2nd Floor, Block No. 01, Sector G-7/2, PHA Foundation, Islamabad | 1,380 sq ft | 15,000,000 | Ramada Islamabad, 1, Club Road, Murree Road, Islamabad | 7-Sep-20 |
| 6 | Shop | Shop No. F-10 at Vogue Towers, MM Alam Road, Gulberg-III, Lahore | 717 sq ft | 14,340,000 | Faletti’s Hotel, 24 Egerton Road, Lahore | 9-Sep-20 |
| 7 | Shop | Shop No.UG-20 at Vogue Towers, MM Alam Road, Gulberg-III, Lahore | 606 sq ft | 15,756,000 | Faletti’s Hotel, 24 Egerton Road, Lahore | 9-Sep-20 |
| 8 | Shop | Shop No.UG-21 at Vogue Towers, MM Alam Road, Gulberg-III, Lahore | 509 sq ft | 13,234,000 | Faletti’s Hotel, 24 Egerton Road, Lahore | 9-Sep-20 |
| 9 | Apartment | Shama Apartments, Sarah Block, Shama Road, Link Ferozepur Road, Lahore | 819 sq ft | 4,095,000 | Faletti’s Hotel, 24 Egerton Road, Lahore | 9-Sep-20 |
| 10 | Apartment | Shama Apartments, Sarah Block, Shama Road, Link Ferozepur Road, Lahore | 850 sq ft | 4,250,000 | Faletti’s Hotel, 24 Egerton Road, Lahore | 9-Sep-20 |
| 11 | Apartment | Shama Apartments, Sarah Block, Shama Road, Link Ferozepur Road, Lahore | 885 sq ft | 4,425,000 | Faletti’s Hotel, 24 Egerton Road, Lahore | 9-Sep-20 |
| 12 | Apartment | Shama Apartments, Sarah Block, Shama Road, Link Ferozepur Road, Lahore | 1,015 sq ft | 5,075,000 | Faletti’s Hotel, 24 Egerton Road, Lahore | 9-Sep-20 |
| 13 | Apartment | Shama Apartments, Sarah Block, Shama Road, Link Ferozepur Road, Lahore | 819 sq ft | 4,504,500 | Faletti’s Hotel, 24 Egerton Road, Lahore | 9-Sep-20 |
| 14 | Apartment | Shama Apartments, Sarah Block, Shama Road, Link Ferozepur Road, Lahore | 850 sq ft | 4,675,000 | Faletti’s Hotel, 24 Egerton Road, Lahore | 9-Sep-20 |
| 15 | Apartment | Shama Apartments, Sarah Block, Shama Road, Link Ferozepur Road, Lahore | 885 sq ft | 4,867,500 | Faletti’s Hotel, 24 Egerton Road, Lahore | 9-Sep-20 |
| 16 | Apartment | Shama Apartments, Sarah Block, Shama Road, Link Ferozepur Road, Lahore | 1,015 sq ft | 5,582,500 | Faletti’s Hotel, 24 Egerton Road, Lahore | 9-Sep-20 |
| 17 | Apartment | Shama Apartments, Sarah Block, Shama Road, Link Ferozepur Road, Lahore | 700 sq ft | 4,200,000 | Faletti’s Hotel, 24 Egerton Road, Lahore | 9-Sep-20 |
| 18 | Building | WAPDA Leftover Building at 34-Nicholson Road, Lahore | 16 Marla | 90,000,000 | Faletti’s Hotel, 24 Egerton Road, Lahore | 9-Sep-20 |
| 19 | Land | Khasra No.2385, near Royal Palm City near Railway Phatok, Atawa, Gujranwala | 8 Kanal | 20,000,000 | Usmania Hotel, Grand Trunk Road Near Punjab College of Science, Gujranwala | 11-Sep-20 |
| 20 | Land & Building | Canal Bank Road, Faisal Town, Mouza Malikpur Manawala, Chak 203, Faisalabad | 15 Kanal | 640,000,000 | Hotel One, 99-C Near D-Ground, People’s Colony No 1, Faisalabad | 14-Sep-20 |
| 21 | Land | Adjacent to Multan Industrial Estate, Phase-I, Mouza Kotla Abu Ul Fateh, Multan | 120 Kanal (15 Acre) | 262,500,000 | Ramada Hotel, 76 Abdali Road, Multan | 16-Sep-20 |
| 22 | Land | Chak No. 142/EB, near Madina Chowk, Dallan, Mian Channu Road, Tehsil Burewala, District Vehari | 34 Kanal | 5,771,500 | Ramada Hotel, 76 Abdali Road, Multan | 16-Sep-20 |
| 23 | Land | Link Airport Road, Tehsil & District Rahim Yar Khan | 49 Kanal | 162,592,500 | Hotel One, Jullundur Mall,17-18, Sadiq Club Road, Rahim Yar Khan | 18-Sep-20 |
| 24 | Land | Deh. Lakmir, Tapo Jamal, near Nawabshah Airport, Lakmir Village, Kairyu Taulka Sakrand, District Nawabshah | 40 Kanal | 8,000,000 | Indus Hotel, Main Qazi Ahmad Road near Bilawal Chowk, Nawabshah | 21-Sep-20 |
| 25 | Land | WAPDA Rest House, Lalazar, Batakundi, District Mansehra, KPK | 06 Kanal, 8 Marla | 21,760,000 | Hotel One, National Highway 35, Near Kala Pul, Main Mansehra Road, Abbottabad | 25-Sep-20 |
| 26 | Land and Buildings | 87 Shahrah-e-Quaid-e-Azam, (Mall Road and Lawrence Road), Lahore | 41 Kanal, 12 Marla | 5,026,778,750 | Faletti’s Hotel, 24 Egerton Road, Lahore | 28-Sep-20 |
According to the details revealed, all the auctions will begin at 9:30 AM. Bidding documents are available for download (free of cost) from the official website of the Privatisation Commission (www.privatisation.gov.pk). The same can also be obtained from the Privatisation Commission during office hours or through courier services in Pakistan and from abroad.
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Interested bidders can also download detailed information on the properties from the Privatisation Commission website (www.privatisation.gov.pk).
Earnest Money equal to 10% of Reserve Price mentioned in advertisement for each property shall be in shape of a call deposit, bank draft or pay order issued by a scheduled bank in Pakistan or in cash if the property reserve price does not exceed PKR. 5,000,000 and shall be submitted at the Auction Booth at the time of registration of bidders for respective property along with other required documents as detailed in Bidding Documents.
Successful bidder will have to deposit 30% of accepted highest Bid Price within seven (07) calendar days of Letter of Acceptance issued.
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Balance 70% of accepted Bid Price (less the Earnest Money) will have to be deposited within thirty (30) days of issuance of the Letter of Acceptance in case of properties listed at serial numbers 1-19 and 22-25 and within Sixty (60) days of issuance of the Letter of Acceptance in case of properties listed at serial numbers 20, 21 and 26.
Payment against Earnest Money or accepted Bid Price can also be transferred through bank wire into the following bank account of Privatisation Commission;
Account Title: Privatisation Commission
IBAN: PK72NBPA0341003035236082
Swift Code: NBPAPKKA021
Bank Name: National Bank of Pakistan
Bank Branch: National Bank of Pakistan, Main Branch, Islamabad
Branch Address: Melody Market, Civic Centre, G-6 Markaz, Islamabad
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