The land of the demolished Nasla Tower, located on Shahrah-e-Faisal, is now being auctioned to compensate the affected allottees, in line with the Supreme Court’s ruling.
The Official Assignee of the Sindh High Court has published a public notice in newspapers inviting bids for the auction of the commercial plot located in Karachi.
The auction process is being undertaken following the demolition of the Nasla Tower in November 2021, ordered by the Supreme Court of Pakistan due to its illegal construction.
According to the Official Assignee, interested buyers can submit their sealed bids by 4th September 2025.
The reserve price for the 780-square-yard plot has been set at Rs 811.2 million.
The plot holds a commercial status, and construction of a ground plus nine-storey building, including a basement, is permissible.
Bidders must submit 25 percent of the offered amount via pay order along with their application.
