Auction process at FDA 23 December will be on Monday

Faisalabad (94 news) All arrangements for the auction for the sale and tenancy of residential and commercial plots owned by the FDA have been completed on Monday. 23 It will be held at 11.30 am in the main office of FDA on December. In this regard, special instructions have been issued to Director General FDA Muhammad Asif that all possible facilities should be provided to the interested persons to participate in the bid. has urged the auction committee to keep the bidding process fully transparent and organized in all respects. He said that in the auction, shops of different areas on the first, second, rooftop and lower ground floor of Golestan Plaza, Millat Road, Medina Town, Golestan Colony No. 2, Iron Market, Truck Stand, Jhang Road, Ahmednagar and schools in Millat Town. Sale of various area shops and commercial plots in Ahmednagar, Millat Town and Madina Town for leasing of Bank and other public utility sites, forty different Pvt. In addition to housing schemes, plots earmarked for education and health in Ahmednagar, Allama Iqbal Colony, Millat Town will be offered for sale. Director Estate Management Junaid Hasan Manj said about the conditions of the auction that every bid has to be submitted before the auction by Zardamant bank draft, pay order / or cash to the authorized officer of FDA. The successful bidder shall be obliged to deposit 1/3 of the auction money within seven days from the date of auction and the remaining amount within thirty days of the final approval of the Director General FDA. He said that the advance tax/stamp duty and other departmental taxes etc. will be the responsibility of the buyer. The particular plot purchased cannot be used for any other purposes. He informed that it is a golden opportunity for entrepreneurs to buy residential and commercial plots in the auction as the plots offered for bidding in the auction are located in the best locations which can be very profitable in future.