Auction of Residential Apartments and Commercial and Residential Properties by National Accountability Bureau Lahore

The National Accountability Bureau (NAB) Lahore invites the public to an open auction of residential and commercial properties in case ACR No. 20/PB/2021, titled State Vs. Riaz Ahmad Chohan. The auction will take place at NAB Complex, Thokar Niaz Baig, Multan Road, Lahore, on 18 November 2026 at 11:30 AM.

Lot 1 comprises 68 semi-completed residential apartments at Plot No. Q-214, Tower-D, Grand View Luxury Apartments, measuring 6 kanal, at Ex-Air Avenue, DHA Phase-VIII, Lahore. The reserve price is PKR 948,575,220 and the 5% earnest money/security deposit is PKR 47,428,761.

Lot 2 comprises the Vesta Cash & Carry commercial/wholesale store building, including fixtures and parking area, measuring 56 kanal, at Central Park Housing Society, Block-A, Ferozpur Road, Mouza Jhulkey, Lahore. The reserve price is PKR 2,212,792,400 and the earnest money/security deposit is PKR 110,639,620.

Lot 3(a) is a residential plot comprising Khasra Nos. 1897, 1898, 1899 and 1900, Khewat Nos. 234 and 360, and Khatooni Nos. 396, 557 and 558, measuring 27 kanal 10 marla, at Mouza Shahzada, Tehsil Nishter, Lahore. The reserve price is PKR 163,625,000 and the earnest money/security deposit is PKR 8,181,250.

Lot 3(b) is a residential plot comprising Khasra Nos. 1665, 1671, 1672 and 1677, Khewat Nos. 320, 312, 282 and 342, and Khatooni Nos. 496, 488, 441 and 520, measuring 24 kanal 12 marla, at Mouza Shahzada, Tehsil Nishter, Lahore. The reserve price is PKR 138,990,000 and the earnest money/security deposit is PKR 6,949,500.

Properties will be auctioned on an as-is, where-is basis. Bidding starts at the reserve price, and lower bids will not be accepted. Before proceedings begin, bidders must deposit 5% of the reserve price through pay order, demand draft or banker's cheque in favour of Chairman NAB-Cheating Public at large. Unsuccessful bidders' deposits will be returned the same day; the highest bidder's deposit will be retained and adjusted against the bid price.

Company representatives must submit a power of attorney verified and attested by the company's CEO. A bidder may authorize another person to participate on their behalf. The bid will be finalized in the highest bidder's name.

Successful bidders must pay 100% of the bid amount, excluding the security deposit, through pay order, demand draft or banker's cheque in favour of Chairman NAB-Cheating Public at large within 45 days of the auction. Default results in forfeiture and re-auction. Chairman NAB may allow a further 45 days on reasonable grounds and, exceptionally, extend payment beyond 90 days. Buyers bear all taxes, transfer fees, duties, outstanding utility dues and related government expenses, and must comply with legal and administrative requirements. Title transfers after full payment. The auction committee may accept or reject any bid without prior notice, and sale requires Chairman NAB's final approval.

Documents and auction information are available at www.nab.gov.pk or from NAB Office, Thokar Niaz Baig, Multan Road, Lahore. Properties may be inspected on any working day. Contact the President/Secretary Auction Committee at NAB Complex, Thokar Niaz Baig, Lahore, on 042-99232716 or 042-99232630.