CDA receives Rs27bn from auction of 13 commercial plots

ISLAMABAD: The Capital Development Authority received a sum of Rs20.35 billion by auctioning 13 commercial plots on the two-day ‘Open Auction’ event.

invest with imarat

Islamabad’s emerging city centre

Learn More

The auctioned commercial plots are four plots located in I-8 Markaz, with plot number 53 receiving the highest offer worth Rs6.5 billion. The other two plots auctioned received offers to abide by the issued COVID SOPs strictlyRs1 billion.

The authority received offers worth Rs4.7 billion for plot no. 10, a sum of Rs2.8 billion for plot no. 15, and Rs2.6 billion for plot no. 16, located in the commercial hub – Blue Area.

The Open Auction event held at the Convention Centre is headed by Member Finance Rana Shakeel Jazib, with a team including Member Planning and Design, Member Estate, Director Public Relations and other officials.

 

For news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

FBR Collects PKR 11.7 Trillion in FY25, Misses Revenue Target

Islamabad – The Federal Board of Revenue (FBR) has provisionally collected PKR 11,722 billion in…

1 day ago

IHC Directs Government to Dissolve CDA, Shift Authority to Islamabad Metropolitan Corporation

ISLAMABAD – In a landmark ruling, the Islamabad High Court (IHC) has ordered the federal…

2 days ago

Islamabad Selected as Pilot Smart City Under Prime Minister’s Digital Pakistan Vision

Islamabad is set to become Pakistan’s first pilot smart city as part of Prime Minister…

4 days ago

New Govt-Backed Housing Finance Initiative Aims to Revitalize Real Estate

The federal government plans to introduce a new subsidized housing finance scheme in the fiscal…

5 days ago

Historic First for Real Estate in Pakistan: IMARAT’s Subsidiary Earns A- Rating

In a landmark achievement for Pakistan’s real estate sector, IMARAT Group has announced that its…

1 week ago

Massive Green Push in Punjab: 42 Million Trees and Eco-Tourism Development Underway

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif reaffirmed her administration’s strong commitment to environmental sustainability,…

1 week ago