This auction notice from the Military Lands and Cantonments Department, Rawalpindi Cantonment Board, invites bids for 15 residential plots located in the prime Race Course Housing Scheme, Rawalpindi. The plots vary in size from approximately 400 to 705 square yards, situated in a fully developed and sought-after locality of Rawalpindi. The auction will be held at the Rawalpindi Cantonment Board office, with scheduled dates on 16th, 17th, and 18th February 2026 at 11:00 AM. The auction process requires bidders to submit a bid security deposit of Rs. 50 million per plot in the form of a pay order or call deposit receipt in favor of the Executive Officer, Rawalpindi Cantonment Board. The highest bidder must pay 25% of the bid amount as earnest money at the fall of the hammer, with the remaining 75% and development charges payable within one month after confirmation. Ground rent is applicable at Rs. 5 per square yard annually. The lease tenure is 99 years, renewable, and the purpose is strictly residential. The successful bidder must register the lease deed as per Cantonment Land Administration Rules, 1937. Interested bidders should ensure compliance with all auction terms, including providing CNIC copies, postal address, and mobile number. The Rawalpindi Cantonment Board reserves the right to accept or reject any bid under PPRA Rules. This auction is a significant opportunity for investment in Rawalpindi's residential real estate market, with clear legal and financial guidelines to follow. The submission deadline and auction opening is on 16th February 2026 at 11:00 AM sharp at the Rawalpindi Cantonment Board office, The Mall, Rawalpindi Cantt. Bidders should prepare all required documents and deposits in advance to avoid disqualification. Pro-Tip: Make sure to carefully review the auction terms regarding the security deposit and lease registration requirements, as missing these can lead to forfeiture or cancellation. Also, check the official PPRA website for any updates or amendments before participating.