To meet its development and non-development expenditures, the Capital Development Authority (CDA) will auction as many as 58 commercial and residential properties in January next year with an expectation to fetch Rs 20 billion.
According to the budget documents of the previous years, the CDA fulfils its most of the financial needs by selling the commercial and residential plots.
A meeting of the CDA Board is scheduled to be held this week in which an approval for upcoming auction would be solicited.
The city managers have purposed to auction a total of 58 plots including 6 plots of different marakiz, 5 plots of blue area, 3 plots of Northern Strip E-11, an economy flats plot, 10 agro farms plots, an hotel plot, 2 industrial plots, 2 hospital plots, 4 petrol pump plots, 4 commercial plots of Park Enclave, 7 class three shopping centre plots, a plot of school in E-11 and 12 residential plots of Park Enclave.
