FGEHA conducted auction of commercial properties in Gulzar-e-Hijri

KARACHI: Federal Government Employees Housing Authority’s Successful Auction of Commercial Properties in Gulzar-e-Hijri Karachi, Generating Over PKR 600 million

The Federal Government Employees Housing Authority (FGEHA) conducted a highly successful auction of commercial properties in Sector 24-B, Scheme 33, Gulzar-e-Hijri, Karachi. The event took place at Professor Salim-uz-zaman Siddiqui Auditorium, ICCBS, Gate No. 04, Karachi University, Karachi, and witnessed active participation from a large number of investors.

Approximately 40 commercial properties were offered for auction, out of which 21 properties were successfully sold, generating a record revenue of PKR 600 million – a remarkable achievement in the authority’s history. The auctioned properties included 21 commercial shops and 18 commercial plots in Sector 24-B, Scheme 33, Gulzar-e-Hijri, Karachi.

On this occasion, the Chairman of the Auction Committee expressed appreciation for the renewed investor confidence, terming it a positive development for the organization and the nation’s progress. The Auction Committee congratulated all investors and assured them of full cooperation and support. The Chairman stated that transparent auctions like this contribute to increased commercial and business activities, fostering economic stability. Investors expressed optimism about future collaborations and strengthening their working relationship with the authority for lucrative investment opportunities. It was further announced that the auction of petrol pump and 19 commercial properties will be held today.