Public Auction of a Flat in Billy's Heights, Gulistan-e-Jauhar by Banking Court-III Karachi

Banking Court-III, Karachi will hold a public auction of a mortgaged residential flat in execution of a decree in favour of House Building Finance Corporation. The proceedings are Execution No. 177 of 2021 in Suit No. 97 of 2020, House Building Finance Corporation versus Akhtar Hussain Bhatti, son of Ghulam Hussain Bhatti. The auction is before Mrs. Naushaba Kazi, Judge, Banking Court-III, Karachi.

The property offered for sale is Flat No. C-709-S on the seventh floor of Billy's Heights, Plot No. 118/C, Block 18, Scheme No. 36, Gulistan-e-Jauhar, Karachi. The flat measures 596.06 square feet. Its market value is fixed at Rs. 1,060,000, and its forced sale value is Rs. 840,000. The property will be auctioned on an as-is, where-is basis.

The auction will take place on 15 December 2026 at 1:00 p.m. at Banking Court-III, Block No. 50, Pakistan Secretariat, Saddar, Karachi. The sale is being conducted through public auction under Order 21, Rule 64 of the Code of Civil Procedure, 1908, for satisfaction of the decree.

The person declared the highest bidder or purchaser must immediately deposit 25% of the bid amount through a pay order in favour of the Judge, Banking Court-III, Karachi, along with a photocopy of their CNIC, with the Nazir of the court. Cheques and cash will not be accepted for this deposit.

The purchaser must pay the balance of the purchase price before the court closes on the fifteenth day from the auction date. If the purchaser fails to pay the balance within 15 days of the auction, the 25% deposit made on the auction date will be forfeited. All government taxes and dues are payable by the auction purchaser.

The sale is subject to confirmation by the court. The court reserves the right to cancel the auction, decline any bid even if it is the highest, or cancel the auction at any time. The auction notice is issued by order through Muhammad Hassan, Nazir, Banking Court-III, Karachi. House Building Finance Corporation's address is Gulshan-e-Iqbal, University Road, Karachi.