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.
Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…
Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…
Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…
ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…
Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…
Amma Tower, located in the bustling area of Saddar in Karachi, is a unique blend…
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.
