| Islamabad: The Capital Development Authority (CDA) accomplished a noteworthy financial feat on the initial day of its three-day auction, securing the highest offers of PKR 7.96 billion for four commercial plots on Wednesday, as reported by a news source on January 11.
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According to the details, the CDA’s auction committee presented eleven commercial plots at various locations, garnering responses for four plots. Among these, two were situated in Markaz I-8, with one plot each in Blue Area and I-14 Markaz.
After the first day’s proceedings, the auction committee achieved the highest bid of PKR 4.53 billion for plot number 9, Sector G-8 in Blue Area. This 2666.66 square yards plot received an impressive bid of PKR 1.7 million per square yard.
Another plot, measuring 800 square yards in I-8 Markaz, obtained the highest bid of PKR 1.825 million, ultimately auctioned for PKR 1.46 billion. Additionally, a 666.66 square yards plot in I-8 Markaz was auctioned at PKR 1.725 million per square yard, resulting in a total price of PKR 1.49 billion.
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A commercial plot spanning 533.33 square yards in I-14 Markaz was auctioned at Rs1.22 million per square yard, realizing a total price of PKR 0.653 billion. The CDA plans to present 24 commercial plots for auction at prime locations over the next two days. |
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