Public Auction of Mortgaged Property at Wali Square Karachi

This public auction is announced by the Banking Court-III Karachi for the sale of mortgaged property to recover a decree amount. The auction concerns a property located at Flat No. B-15, 4th Floor, Wali Square, Plot No. SD-5, Block M, North Nazimabad, Karachi, measuring 115 square yards. The auction is scheduled for 18th August 2026 at 1:00 pm at the Court premises. Items being procured: - Flat No. B-15, 4th Floor, Wali Square, Plot No. SD-5, Block M, North Nazimabad, Karachi (115 sq. yards) The property will be sold on an 'as is where is' basis. The market value is fixed at Rs. 6,000,000 with a forced sale value of Rs. 4,800,000. The highest bidder must immediately deposit 25% of the bid amount via pay order in the name of Judge, Banking Court No. III Karachi, along with a photocopy of CNIC and the Nazir of the Court. No cheque or cash payments for the 25% deposit will be accepted. The balance must be paid within 15 days from the auction date, failing which the initial deposit will be forfeited. This auction is conducted under the authority of the Banking Court-III Karachi, ensuring legal compliance and confirmation of sale by the Court. All government taxes and dues are the responsibility of the auction purchaser. The Court reserves the right to cancel the auction or reject any bid at any time. Bidders should ensure timely submission of the earnest money and required documents to avoid disqualification. It is advisable to visit the property beforehand to assess its condition and verify details. This auction offers a valuable opportunity for investors and buyers interested in Karachi real estate under judicial sale. The auction notice was published on 11th July 2026, with the auction date fixed for 18th August 2026. Interested parties should prepare their financial and legal documentation accordingly to participate successfully.