Islamabad: Capital Development Authority (CDA) on day four of the auction has raised a total of Rs5.981 billion from the sale of 15 commercial plots.

invest with imarat

Islamabad’s emerging city centre

Learn More

Generating revenue of Rs1.024 billion from auctioning 25 residential plots in Islamabad on day one, Rs230 million from the sale of 13 residential plots on day two, Rs4.048 billion from eight commercial plots on day three and Rs5.981 billion from day four, CDA has raised a record revenue of Rs11.284 billion in the four-day auction.

Being the second auction for this fiscal year, CDA has cumulatively raised Rs18.76 billion which is nearly half of its entire budget for the financial year.

Income from the auction will be used for new development projects in the Capital, including the ones in progress, said CDA Chairman Amir Ali Ahmed.

The auction proceedings were successfully supervised by an auction committee headed by CDA’s finance member.

For news and updates keep on visiting Graana blog

Maham Tahir

Recent Posts

Exploring Kalabagh: The Historic City in Mianwali District

Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…

1 day ago

Nazimabad Number 2: A Well-Known Residential Area in Karachi

Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…

2 days ago

A Guide to Quetta Town in Karachi

Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…

3 days ago

Akbar Chowk Lahore: A Focal Point of Connectivity

Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…

4 days ago

A Guide to Khuda Baksh Colony Lahore

Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…

5 days ago

Gol Market Karachi: A Vibrant Commercial Hub

Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…

2 weeks ago