Karachi: The Federal Government Employees Housing Authority (FGEHA) has marked a remarkable achievement by raising PKR 600 million through the auction of commercial properties in Gulzar-e-Hijri, Karachi. The details are drawn from an article dated December 24.
According to the details, the event took place at the Prof Salim-uz-Zaman Siddiqui Auditorium, ICCBS, Karachi University, and drew significant attention from investors. The auction featured properties located in Sector 24-B, Scheme 33, Gulzar-e-Hijri, offering a range of commercial opportunities, including shops and plots.
Of the approximately 40 properties presented, 21 were successfully sold, comprising a mix of 21 commercial shops and 18 commercial plots. This outcome not only demonstrates the strong market appeal of these assets but also highlights FGEHA’s effective management and strategic planning.
The Chairman of the Auction Committee expressed optimism, noting that the successful auction reflects renewed investor confidence – a vital sign of progress for both the organisation and the broader economy. This milestone reaffirms FGEHA’s dedication to utilising its commercial assets as a driving force for economic growth and national development.
As a graduate in English Literature, Zohaib believes that words are not just a mere figment of imagination. It takes wisdom to be good at them. Following this reason, he is pursuing his career as Public Relations and Content Specialist at Zameen.com.
