Bankers Avenue Cooperative Housing Society Limited Lahore – Auction of School’s Plot
BANKERS AVENUE COOPERATIVE HOUSE SOCIETY Lahore Offered AUCTION OF AMENITY PLOT FOR SCHOOL.
On Tuesday, August 15 , 2017 Interested parties are invited for purchase of following amenity plot on “AS IS WHERE IS BASIS” owned by the Bankers Avenue Cooperative Housing Society Ltd. Lahore on Tuesday, August 15, 2017 at 11:30 AM at Bankers Avenue Cooperative Housing Society Ltd. The plot details are as under:
S. No. Description Status Size Address Reserve Price Plot for School Amenity 6.01 Kanal Main Boulevard. Bankers Avenue Cooperative Housing Society Ltd. Rs.100 Million.
TERMS & CONDITIONS FOR SALE OF PLOT:-
1. Bidders must have financial resources to construct the School building and equip it with school facilities and must provide documents pertaining to their financial soundless.
2. Bank Dian/ Pay Order / CDR for an amount of Rs.5.00 Million shall be submitted to the undersigned by Tuesday, August 15,20170 11:00 a.m.
3. Bidding start on Tuesday, August 15,2017 at 11:30AM in the presence of bidders at the BACHS Society Office premises, Bedian Road, Lahore.
4. The successful bidders will be informed of acceptance of their bi. at the spot on provisional basis, subject to approval by the competent forum.
5. Upon issuance of final acceptance letter, 25% of the bid amount (inclusive of Rs.5.00 Million alreaddy paid to participate in bidding) shall be paid within7-days and the balance within 30- days thereof.
6. The successful bidder shall be liable to pay all applicable Federal /Provincial taxes in vogue and evens. on transfer of plot / property.
7. 10%Advance Income Tax under section 236 A is applicable.
8. Bank Draft/ Pay Order/ CDR of unsuccessful bidders be returned the same day after the auction.
9. In case of non-fulfilhnent of any term, Bank Draft / Pay Order /CDR another payments of successful bidder s. be forfeited in favour of the Bankers Avenue Cooperative Housing Society Limited
10. After receiving full bid amount along with all taxes and transfer charges, the plot would be transferred in the name of successful bidder.
11. The Management oldie Society reserves the right to reject any or all bids at their sole discretion without assigning any reason.
Other Terms & Conditions :-
1. The plot shall be restricted for use of School establishment only.
2. The bidder must construct and complete /commission the school within aspen of 3-yea rs from the date o f sa le.
3. The building plan shall be in accordance with the applicable bye-lutes.
4. The School must offer special concession package for members of the Society.
Bankers Avenue Cooperative Housing Society Ltd.Across Hadyara Drain, Near The Bank of Punjab ,Dera Chahal Branch, Bedian Road, Lahore.Ph. 042-37167531-32