Capital Development Authority (CDA) on the first day of the auction of plots auctioned four four plots for Rs 7.743 billion rupees.
The first day of the auction was attended by a large number of investors and healthy competition was witnessed . On the first day of the auction, 4 plots were sold for 7.743 billion rupees. The four-days auction of plots will continue till October 20 at the Jinnah Convention Centre.
According to the details, on the first day of auction of residential and commercial plots, plot # 53F measuring 666.67 square yards located in I-8 Markaz was auctioned for one billion 42 lacs. Similarly, Plot No. 53D measuring 666.67 square yards located in I-8 Markaz was auctioned for one billion and nine crore rupees.
Similarly, Plot No. 28 of 711.11 square yards located in G-11 Markaz was auctioned for Rs.1.16 billion. Plot number 8 of 2666.66 square yards of blue area was auctioned for 4.45 billion rupees. Thus, on the first day of the auction, four plots were auctioned for 7.743 billion rupees. The auction of plots will remain continue on October 18, 19 and 20.
Residential and commercial plots of different categories are being offered for investment in the four-days auction of plots. In the auction, plots of various marakaz, Blue Area and E-11 Northern Strip are being auctioned.
Park Enclave Commercial, Class III Shopping Centers, Agro Farms, Apartments and Industrial plots will be offered for auction in the 4-day auction. Similarly, the plots of fruit, vegetable and meat shops and I-11 markets will also be also presented for auction, while for the first time the plots allocated for hostels will be offered for auction. Residential plots will also be auctioned in the four-days auction of plots.
The auction is being supervised by the auction committee headed by Member Estate.
The bids received after thorough scrutiny will be placed before the CDA Board, which is the competent forum to accept or reject the bids.
