Auction of Four Staff Quarters for Demolition and Debris Removal by Market Committee Multan

Market Committee Multan invites bidders to a public auction of four staff quarters situated in Grain Market Multan. The auction concerns demolition of the buildings and boundary walls and removal of their debris. The property belongs to Market Committee Multan and is offered on an as-is, where-is basis. The transaction covers the buildings and removal of the resulting material, rather than ownership of the land.

The auction will take place on 23 November 2026 at 11:30 a.m. at the office of Market Committee Multan, Grain Market Multan. If the proceedings cannot be held on that date, the auction will be held on 24 November 2026. If it cannot take place on that date either, it will be held on 25 November 2026. The time and venue will remain unchanged for these alternative dates.

The government reserve bid for demolition and debris removal is Rs. 1,169,000. The required earnest money is Rs. 120,000. Participants must also deposit a registration fee of Rs. 10,000 to participate in the auction.

Before bidding, each bidder must submit the required refundable earnest money through a bank draft or pay order in favour of Market Committee Multan. The earnest money and original national identity card must be deposited at the Secretary's office one day before the auction. Deposits submitted after the prescribed time will not be accepted. Unsuccessful bidders' earnest money will be returned in accordance with the auction conditions.

The successful bidder must deposit 30% of the total bid amount immediately after the auction, including the earnest money already deposited. The successful bidder will be responsible for all applicable taxes. Failure to fulfil the payment conditions may result in forfeiture of the earnest money and further action under the auction conditions.

The auction committee reserves the right to accept or reject bids. Further terms and details can be obtained during office hours from the office of Market Committee Multan. The notice is issued by the Administrator/Secretary, Market Committee Multan.