Graana.com
Islamabad: The Capital Development Authority (CDA) conducted its first day of auctions for commercial plots, drawing significant investor participation and fierce competition. The initial day saw a total of 7.796 billion rupees worth of plots being auctioned, with bidding continuing until January 12th at the Gandhara Center, F-9 Park.
Commercial plots auctioned on the first day included Blue Area’s Plot No. 9, sold for 4.453 billion rupees, and Plot No. 53H in I-8 Sector, fetching an impressive 1.46 billion rupees. Additionally, Plot No. 53F in I-8 Sector was auctioned for 1.15 billion rupees, while Plot No. 9A in I-14 Sector was sold for 653 million rupees. The overall auction featured a diverse range of commercial plots in Islamabad’s prime development hubs.
The auction is being supervised by the Auction Committee headed by CDA Member Finance whose Secretary is Director State Management-II. Other members of the committee are Member State, Member Planning and Design, Member Technology Digitalisation, DFA-II, DG Law, Director Urban Planning, Director Regional Planning, Director Public Relations and Director Finance.
The auction will continue on January 11th and 12th, 2024, at the Gandhara Citizen Center, F-9 Park, Islamabad. The received bids will undergo thorough scrutiny before being presented to the CDA Board for final approval or rejection, serving as the authorized forum for acceptance or refusal of bids.
For more news and information, visit the Graana Blog.
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