🏠 Tenders in Pakistan: Auction of Prime Residential Property in DHA, Karachi

🗂 Auction Notice Overview

Askari Bank Limited invites sealed bids for the auction of a high-value mortgaged property in Defence Housing Authority (DHA), Phase VI, Karachi. This tender falls under the Real Estate & Property Sales category and is open to all interested buyers, investors, and real estate developers. Eligible participants must provide proof of financial capability (e.g., bank guarantee) and original CNIC for verification.

Property Highlights:

• 📍 Location: Plot No. 154/1, Street No. 33, Khayaban-e-Bukhari, Phase VI, DHA, Karachi.
• 📏 Size: 500 sq. yards with a constructed house.
• 💰 Reserve Price: PKR 82,110,000 (Eighty-Two Million, One Hundred Ten Thousand Rupees).
• ⚖️ Basis: Sold “as is where is.”

📝 Tenders Notice Submission Guidelines

Submission Method:

• Physical bidding only at the auction venue.
• No online submissions accepted.

Required Documents:

1. Original Computerized National Identity Card (CNIC).
2. Proof of financial solvency (e.g., bank statement, pay order for 25% advance).
3. Authorization letter (if bidding on behalf of a company).

Key Terms:

• Bids below reserve price (PKR 82,110,000) will be rejected.
• Successful bidder must deposit 25% of bid amount on auction day and 75% within 15 days.
• All property transfer costs (stamp duty, registration) borne by the bidder.
• Bank disclaims warranties on property condition.

🕒 Tenders Notice Key Dates

⚠️ Cutoff Time: 2:00 PM sharp for auction entry. Latecomers excluded!

📞 Contact Information – Tenders Notice Helpdesk

For clarifications, visit or contact:
Askari Bank Limited – Legal Advisors
📍 Address: Plot C-299 & 300, Near Liberty Chowk, Commercial Market, PECHS Block-6, Main Tariq Road, Karachi.

Designated Contacts:

• Advocate Abdul Aziz Alvi: 0300-2850974
• Mr. Adeel Ahmed: 0322-2381640
• Mr. Syed Mohammad Ali Jinnah: 0324-2749999

💼 Why Participate?

Seize a rare opportunity to own premium real estate in DHA, Karachi! This tender in Pakistan offers a strategic investment in one of the city’s most coveted neighborhoods. Ensure timely submission and compliance with all guidelines to avoid disqualification.

Act now – prime properties won’t wait!
🔗 Issued under Section 15 of the Financial Institutions (Recovery of Finances) Act, 2001.