AUCTION: Residential Plots in Sector 3, KDA Korak

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Karok Area Development Authority (KDA) is conducting a public auction for the sale of residential plots in Sector 3, Karok. This is a significant opportunity for individuals and investors seeking to acquire prime residential land in a developing area of Khyber Pakhtunkhwa. The auction will be held on 04 November 2026 at 11:00 AM at the KDA office, and all interested parties are encouraged to participate by following the detailed terms and conditions outlined in the notice. Items being auctioned: - 15 residential plots in Sector 3, plot numbers 50, 51, 52, 53, 54, 55, 56, 70, 71, 72, 73, 74, 75, 76, and 77 (each with a reserve price of Rs. 3,000,000) Each plot is being offered with full ownership rights, and the successful bidders will be required to pay the reserve price as the minimum bid. The auction is open to all eligible Pakistani citizens and entities. Bidders must bring original CNICs and deposit earnest money as specified in the auction terms. The process will be supervised by the Housing Officer, and all payments must be made through official banking channels. The sale agreement will be executed upon successful bidding, and possession will be handed over after completion of all formalities. Participants should carefully review the eligibility requirements, including the need for earnest money and compliance with KDA regulations. The deadline for bid submission is 04 November 2026 at 11:00 AM. For best results, arrive early to complete registration and clarify any queries with the Housing Officer. This auction represents a rare chance to secure residential property in a planned sector, so ensure all documentation is in order before attending.