OPEN PUBLIC AUCTION ADVERTISEMENT FOR 30-YEARS LEASE / DEVELOPMENT PROJECT FOR HEALTH AND EDUCATION PURPOSES

             Evacuee Trust Property Board

              GOVERNMENT OF PAKISTAN

                                       OPEN PUBLIC AUCTION ADVERTISEMENT FOR

30-YEARS LEASE / DEVELOPMENT PROJECT FOR HEALTH AND EDUCATION PURPOSES

Evacuee Trust Property Board, Government of Pakistan intends to lease out its following Evacuee Trust Properties through open auction under Clause 18-F & 18-G of the Evacuee Trust Property Scheme, 1977 (Philanthropic and Charitable Institute / Private Sector) for a period of 30 years (non-extendable) on as and where basis.

Open Auction Schedule:-

Date of Open Auction: 12-07-2022 at 1100 am

Venue: Office of the Deputy Administrator, Evacuee Trust Property Office, Lahore-II, Agarwal Ashram Building 02-Court Street, Lahore.

Note:     In case of no bid / low bid on the above mentioned date alternate dates shall be 19-07-2022 and 26-07-2022.

Detail of Properties:-

Sr. No. Property /Khasra No. Area Purpose LOCATION Non Re-fundable Security (NRS)
K M Sqft
1 100 04 04 Health & Education purposes ASIF Colony, Qila Khazana, Lahore

 

Rs. 94,50,000/-
2 5067-5068 06 06 Health & Education purposes Baghbanpura, Pakistan Mint, Tehsil, G.T Road, Lahore. Rs.189,00,000/-

 

Preliminary Eligibility of persons participating in Open Auction:-

  1. National Tax Number             NADRA’s issued Identity Card

 

TERMS AND CONDITIONS:

  1. Each and every Pakistani who have National Tax number & National Identity Card issued by NADRA can participate in the open auction except defaulter of this Department and Govt. servant.
  2. As per evaluation, Non Returnable Security as reserve rate of the property at serial No.1 is fixed @ Rs.94,45,000/- (9.445-Million) and Non Returnable Security as reserve rate of the property at serial No.2 is fixed @ Rs.1,89,00,000/- (18.9-Million)
  3. The interested persons / parties desires to participate in the open auction proceeding of the property mentioned at serial No.1 should submit a draft of 10% of reserved Non Returnable Security @ Rs.9,45,000/-(Nine Lac & Forty Five Thousand only) and the interested persons / parties desires to participate in the open auction proceeding of the property mentioned at serial No.2 should submit a draft of 10% of reserved Non Returnable Security @ Rs.18,90,000/-(Eighteen Lac & Ninety Thousand only) in the name of Chairman, Evacuee Trust Property, Board, on the spot of auction which shall be returned to all depositors after the open auction except successful bidder.
  4. Properties will be leased out only for health & education purposes and other business or other activities shall not be permitted.
  5. The approval of highest bid will be accorded by the ETP Board in the light of the auction committee’s recommendation.
  6. The Scheme for the Management & Disposal of Evacuee Trust Properties, 1977, Clause 18-F & 18-G of the (Philanthropic and Charitable Institute / Private Sector) is available on website ETPB.GOV.PK and the information may get from Evacuee Trust Property Office, Lahore-II, Agarwal Ashram Building 02-Court Street, Lahore during office hours.
  7. The successful bidder will be bound to deposit 10% of his offered Non-refundable Security within Three days at the end of open auction. In case of non-payment the 10% amount already deposited as Bank Draft will be forfeited in favor of Government and open auction proceedings will be conducted on next stipulated date.
  8. The successful bidder will be bound to submit building plan within two months. In case of non submission of building plan, auction proceeding is liable to be cancelled and deposited Non-refundable Security will be forfeited in favour of the Department.
  9. The Successful bidder will be bound to abide by ETP Board Act & Scheme made by ETP Board and any other changes which will be incorporated time to time in Evacuee Trust Property Board’s Act & Scheme.
  10. The other terms & conditions and fixation of monthly rent will be decided by the ETP Board.

Note: – Location of the subject properties are available on ETP Board website i.e. www.etpb.gov.pk

 

Deputy Administrator, Evacuee Trust Property, Office, Lahore-II, Agarwal Ashram Building 02-Court Street, Lahore

PH: 042-99210119