Islamabad: The Parks & Horticulture Authority Foundation (PHAF) has announced to auction the shops situated on Kuri Road, Islamabad between August 24 and 25 – a news source reported.
These outlets include 48 shops situated in the PHAF Residencia Block A, and 40 shops in Block B. Interested citizens, companies, firms, and societies have been invited to take part in the auction process.
Similarly, brochures carrying complete details of the auction process, as well as the documentation requirements, can be obtained by submitting a non-refundable fee of PKR 1,000 from the office of Director (Land & Estate), PHA Foundation, situated in Shaheed-e-Millat Secretariat, Blue Area, China Chowk, Jinnah Avenue, Islamabad.
The participants of the auction process will have to pay PKR 100,000 as token money (refundable for those who do not make it past the auction process), while in case of successful buyers, it will be adjusted against the price of the shops they buy.
The amount will have to be paid through a demand draft or pay order bearing the PHAF’s name. The auction will be held at 9am on August 24-25. For more details, please contact the PHAF management at these numbers: +92 51 9211151,+92 51 9244153, +92 51 9244179.
