AUCTION: House No. 1357, Sector G-11/2, Islamabad (138.88 sq. yrd)

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Federal Government Employees Housing Authority is conducting an open auction for the sale of a residential property in Islamabad. The property being auctioned is House No. 1357, Sector G-11/2, measuring 138.88 square yards. The reserve price for this house is set at Rs. 3,800,000. Interested parties are invited to participate in the auction, which will be held on 4-12-2026 at 10:00 AM at the office of the undersigned in Islamabad. Items being auctioned: - House No. 1357, Sector G-11/2, Islamabad (138.88 sq. yrd), Reserve Price: Rs. 3,800,000 The property is located in a prime sector of Islamabad, offering a valuable opportunity for buyers seeking residential investment in the federal capital. The auction will be conducted in accordance with the terms and conditions set by the Housing Authority. Bidders are required to deposit earnest money (pay order) equivalent to 10 percent of the reserve price before the auction date. Only those who submit the earnest money will be eligible to participate in the bidding process. All participants must bring their original CNIC and proof of earnest money deposit on the day of the auction. The successful bidder will be required to pay the remaining amount within the stipulated time as per the authority's rules. For further details, interested parties can contact the office during working hours or call the provided phone number. A practical tip: Ensure your earnest money pay order is prepared in advance and double-check the property documents for any encumbrances before bidding. This will help you avoid last-minute issues and strengthen your position during the auction.