AUCTION: HBFC Residential and Commercial Properties in Multiple Cities under Section 15 of Financial Institutions (Recovery of Finances) Ordinance 2001

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. House Building Finance Company Limited (HBFC) is conducting a public auction of various residential and commercial properties across multiple cities under Section 15 of the Financial Institutions (Recovery of Finances) Ordinance 2001. This auction provides an opportunity for interested buyers to acquire properties that have been repossessed due to non-repayment of finances. The auction will be held at the specified HBFC offices in each city, and all properties will be sold on an as-is-where-is basis. Items being auctioned: - Hyderabad: Plot No. 1/250, Block-B, Latifabad (Reserve Price: Rs. 2,305,000) - Hyderabad: Plot No. 1/250, Block-B, Latifabad (Reserve Price: Rs. 2,575,000) - Larkana: Plot No. 116/3, Deh Larkana (Reserve Price: Rs. 1,580,640) - Dera Ghazi Khan: Plot No. 347/4, Block 3, Dera Ghazi Khan (Reserve Price: Rs. 2,288,000) - Bahawalnagar: Plot No. 1241, Block A, Bahawalnagar (Reserve Price: Rs. 3,666,000) - Bahawalnagar: Plot No. 144, Block A, Bahawalnagar (Reserve Price: Rs. 2,748,100) - Bahawalnagar: Plot No. 252, Block A, Bahawalnagar (Reserve Price: Rs. 1,986,820) - Faisalabad: Plot No. 141/3, Block 4, Faisalabad (Reserve Price: Rs. 1,786,786) - Faisalabad: Plot No. 252, Block 4, Faisalabad (Reserve Price: Rs. 9,682,000) - Sialkot: Plot No. 560, Block 2, Sialkot (Reserve Price: Rs. 1,732,090) - Sialkot: Plot No. 560, Block 2, Sialkot (Reserve Price: Rs. 2,187,800) - Sialkot: Plot No. 560, Block 2, Sialkot (Reserve Price: Rs. 4,266,560) - Multan: Plot No. 1319/14, Block 17, Multan (Reserve Price: Rs. 3,482,229) Each property is listed with its plot number, block, location, and reserve price. Interested bidders must submit a pay order or demand draft for earnest money (25% of the reserve price) along with their bid. The auction will be conducted at the respective HBFC offices on the specified date and time. Bidders are required to bring original CNIC and proof of payment for earnest money. Properties will be handed over to successful bidders after full payment and completion of legal formalities. A practical tip: Visit the property location in advance to assess its condition and verify all documentation with HBFC before the auction date. This will help you make an informed bid and avoid surprises after purchase.