AUCTION: Flat No. C-49, 6th Floor, Rabia City, Block 18, KDA Scheme 36, Gulistan-e-Jauhar, Karachi

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Banking Court No. III, Karachi, is conducting a public auction for the sale of a mortgaged immovable property to recover the decretal amount of Rs. 433,164 plus markup and costs, as ordered in Execution No. 40 of 2025 in Suit No. 07 of 2021. The auction is being held at the court premises, Block No. 50, Pak Secretariat, near Passport Office, Saddar, Karachi. The property is being auctioned under the supervision of the Honourable Judge and the Nazir of the court. Items being auctioned: - Flat No. C-49, 6th Floor, Rabia City, Block 18, KDA Scheme 36, Gulistan-e-Jauhar, Karachi (measuring 1200 sq. ft.) The market value of the flat has been assessed at Rs. 2,309,970. The auction will be held on 3rd December 2026 at 2:00 p.m. at the Banking Court-III, Karachi. The highest bidder will be required to deposit 25 percent of the bid amount immediately with the Nazir of the court, along with a copy of their CNIC. The balance of the bid amount must be paid within 15 days of the auction, failing which the deposited amount will be forfeited and the property may be re-auctioned. All taxes, fees, and dues will be borne by the purchaser. The court reserves the right to cancel the auction at any time if the highest bid is not satisfactory. Interested parties should ensure they have the required earnest money and valid identification documents. It is advisable to inspect the property and verify all legal documents before participating in the auction. For bidders, arriving early on the auction day and confirming the exact location of the court can help avoid last-minute delays.