Islamabad: The Capital Development Authority (CDA) auctioned eight (08) commercial plots for approximately Rs2.815 billion on the second day of the three-day auction.
According to a press release, the auction had been organised by the civic agency at the Jinnah Convention Centre, which will continue till 24th October.
A large number of investors and general public is attending the event and showing interest in investment. The CDA claims that their investment-friendly and friction-free transaction process has urged investors to consider the opportunity. During two days, the auction of residential and commercial plots brought Rs3.512 billion.
The auction process is being supervised by an auction committee headed by the CDA Member Estate.
Breakdown of the auctioned plots is as follows:
Plots
Plot No. Location Size Bid
40-B Markaz G-9 733.33 sq. yd. Rs500,000/sq. yd.
31-B Markaz G-9 205.55 sq. yd. Rs1,170,000/sq. yd.
23-B Markaz G-10 333.33 sq. yd. Rs1.050,000/sq. yd.
13 Markaz D-12 711.11 sq. yd. Rs530,000/sq. yd.
3-A Markaz D-12 711.11 sq. yd. Rs480,000/sq. yd.
27 Markaz I-8 1111.11 sq. yd. Rs805,000/sq. yd.
10 F-11/2 1066.66 sq. yd. Rs122,000/sq. yd.
32 Park Enclave 266.66 sq. yd. Rs431,000/sq. yd.
It is reported that the income from the auction will be spent on the development of sectors of Islamabad.
Swat, famously known as the "Switzerland of Pakistan," is a land of mesmerizing beauty. It is…
Millennials, often referred to as the “financially cautious generation,” are reshaping the investment landscape. Known…
Graanic, Pakistan's premier organic food brand, has officially launched its new restaurant at Mall of…
If you’re looking for a destination that combines breathtaking views, a peaceful ambiance, and unforgettable…
The real estate sector in Pakistan is undergoing significant transformations, and wealth management strategies are…
December 19, 2024— In a significant move, the federal government has announced an increase in…
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.
