Graana.com
Islamabad: The four-day auction of residential and commercial plots under the Capital Development Authority (CDA) has concluded. A total of 25 plots from various categories were auctioned for a total value of PKR 12.90 billion.
On the final day of the auction, plots consisting of fruit, vegetable, and meat shops in different sectors were auctioned, including Sector F-8/4, where Plot No. 4 was sold for PKR 43.52 million and Plot No. 5 for PKR 45.19 million. Additionally, in Sector G-11/4, the fruit, vegetable, and meat shop plots, namely Plot No. 1, Plot No. 2, and Plot No. 3, were auctioned for PKR 19.67 million, PKR 20.34 million, and PKR 20.42 million, respectively.
Furthermore, in Sector F-10/2, a residential plot, covering an area of 555.55 square yards, was sold for PKR 183 million, and in Sector F-8/4, another residential plot of the same size (555.55 square yards) with Plot No. 6 was auctioned for PKR 255 million. Additionally, Blue Area’s Plot No. 7, spanning 611.11 square yards, was auctioned for PKR 1.033 billion.
The auction was conducted under the supervision of the CDA’s Chairman, who praised the transparency and successful organization of the public auction by the auction committee. The measures taken by the committee ensured that investors could participate actively and acquire plots according to their preferences.
It’s worth noting that the four days of auctioning offered a wide range of residential and commercial plots, attracting the attention of investors. Plots in various centers, including Blue Area, Sector E-11 Northern Strip, Park Enclave Commercial, Class Three Shopping Centers, Agro Farms, Apartments, and Industrial plots, were auctioned. Fruit, vegetable, and meat shops, along with plots for Alien Markets, were also part of the auction. Hostel-specific plots were auctioned for the first time, and residential plots were also part of the four-day auction.
The received bids will be thoroughly examined, and the CDA board will decide whether to approve or reject them, as the board holds the authority to finalize the bids.
The CDA administration emphasized that the revenue generated from the auction would be used to further accelerate the city’s development initiatives, particularly focusing on long-delayed development projects.
For more details and updates, visit the Graana Blog.
Lahore: The Lahore Ring Road Authority has unveiled plans to establish six state-of-the-art rest areas…
Dubai is on track to become a global pioneer in digital property investment, with plans…
LAHORE: The Economic Policy & Business Development (EPBD), an independent economic think tank, has called…
Karachi: Sindh Chief Minister Syed Murad Ali Shah has directed the Board of Revenue (BoR)…
What is Land Tenure? Land tenure refers to the system of rights, responsibilities, and arrangements…
Marriott International has officially completed its acquisition of citizenM, a bold move that marks a…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
