CDA to auction 18 commercial plots in upscale sectors

Islamabad—The Capital Development Authority (CDA) is all set to auction 18 commercial plots located in the upscale sectors of the capital in this month.
Previously, in April, the auction of commercial plots fetched more than four and a half billion rupees.
Talking to APP, senior official of CDA said the price of the commercial plots averaged around half a million rupees per square yard.
The recent approval of auctioning of plots in posh sectors of F-7, F-10 and F-8 by the Capital Development Authority (CDA) board comes in less than two months of the previous auction, he added.
He hoped, it is expected that the selling of plots will bring in more than a billion rupees. After the auction of plots, the auction committee will put its recommendations before the Capital Development Authority (CDA) board which has the final authority in accepting and rejecting the bids.—APP

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