Auction of Property House No. 34 Nazamuddin Road Sector F-6/1 Islamabad

This notice announces the auction of a property under the order of Muhammad Naseer Uddin, Civil Judge Islamabad (West). The property is located at House No. 34, Nazamuddin Road, Sector F-6/1, Islamabad, covering an area of 533.33 square yards. The reserve price for this auction is set at **PKR 250 Million**. Interested bidders should note that the auction date and time is fixed for 31 August 2023 at 3 PM, to be held at the same address on Nazamuddin Road, Sector F-6/1, Islamabad. Items being procured: - Property House No. 34 Nazamuddin Road Sector F-6/1 Islamabad Area 533.33 square yards The auction process requires a cheque of 20 percent of the bid amount in the name of the court, which must be deposited either on the spot or with the Nazir of the court. The decision of the successful bidder will be made immediately on the spot. The successful bidder is then required to deposit the balance amount within 15 days of the auction. This auction is a straightforward sale of immovable property under judicial order. The property is situated in a prime location in Islamabad, making it a valuable asset. Bidders should ensure they have the necessary financial arrangements and legal understanding to participate effectively. Eligibility for participation includes having the financial capacity to meet the earnest money requirement and the ability to pay the balance within the stipulated time. No specific PEC category or FBR registration is required for this auction, but bidders should be aware of the legal and financial obligations involved. The key date to remember is the auction on **31 August 2023 at 3 PM**. Bidders should prepare their earnest money cheque in advance and be present at the venue on time to avoid disqualification. A practical tip for bidders is to conduct a thorough due diligence of the property beforehand, including legal title verification and physical inspection if possible. This will help avoid any surprises and ensure a smooth auction process.