| Lahore: The Lahore Development Authority (LDA) has auctioned off 14 plots in various parts of the city fetching PKR 130 million, news sources reported on March 2.
Read: LDA auctions commercial, residential plots in different housing schemes
The plots were sold in a public auction that presented plots located in Sabzazar, Tajpura, Jubilee Town, and Avenue One for auction. The auction included a mix of residential and commercial plots, with some selling at high prices.
Here is a list of the commercial plots that were sold at the auction
Plot No. 504-A (Corner) Block C Sabzazar (Commercial)
Plot No. 545, Block D Tajpura (Commercial)
Plot No 546 Block D Tajpura (Residential)
plot No 54 Block E Tajpura (Residential)
Plot No55 (Corner) Block E Tajpura (Residential)
Plot No 571 (Corner) Block B Jubilee Town
Read: LDA auctions 18 plots worth PKR 139.316 mn
Plot No 578 Block C Jubilee Town (Residential)
Plot No 579 Block C Jubilee Town (Residential)
Plot No 775 corner block D Jubilee Town (Residential)
Plot No 542 block F Jubilee Town (Residential
Read: LDA to sell off assets to raise development funds
The auction was deemed a success by the LDA, as it generated significant revenue for the organization. It is also seen as a positive sign for the real estate market in Lahore, as demand for plots remains high in the city. It is important to note that the government of Punjab has recently asked LDA to fund the majority of its development projects through its own resources, reducing dependency on the provincial government. |
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