Islamabad: The Federal Government Employees Housing Authority (FGEHA) and EHFPRO are all set to organise a ‘grand auction’ of commercial shops in Lifestyle Mall today (January 11), according to an advert published in a major newspaper.
Read: FGEHA to auction 347 shops in Lifestyle Mall
As per the auction schedule, event proceeds will continue for four days at the Aura Grande Event Complex, Sector E-11 in Islamabad. The first day of the auction will feature shops in Block B and F (Food Court). More details are listed below:
- Auction of commercial outlets (Mega Mart, Play Area) in Block E and Block D set for January 12
- Auction of commercial outlets in Block C and Block H set for January 13
- Auction of commercial outlets in Block A and Block G set for on January 14
Read: FGEHA generates billions in two-day grand auction of plots in Mauve Area, G-13 & 14
As per the publication, property possessions will be granted within the going year. Successful bidders will have to pay the first instalment, at 25% of the total price, within 30 days of the issuance of the bid acceptance letter.