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CDA Auction 08 Commercial Plots for Rs. 4048 Million on the 3rd Day of Grand Auction

Islamabad: April 10, 2019: Capital Development Authority (CDA) auctioned commercial plots in different developed sectors of Islamabad on Wednesday. During the third day of auction, eight (08) commercial plots were auctioned Rs. 4048 million while on the first and second day of auction of residential plots 31 residential plots, were sold out approximately Rs.1254 million.

 Auction was managed and conducted in a well organized, open and transparent and received a very favourable response from public at large. The auction proceedings were supervised by the auction committee headed by the Member Finance of the authority. The auction witnessed impressive gathering of investors and general public with enthusiastic participation.

 During the 3rd day of auction of commercial plots including plot No.31-B, G-9 Markz measuring 205.55 square yards (s.q) received bid Rs.12,75,000/- per square yard, plot No.21-B, Sector G-10 Markaz measuring 111.11 s.q received bid Rs.705,000/- per square yard, plot No.21-C, Sector G-10 Markaz measuring 111.11 s.q received bid Rs.700,000/- per square yard, plot No.22-A, Sector G-10 Markaz measuring 111.11 s.q received bid Rs.952,000/- per square yard, plot No.21, Sector I-8 Markaz, measuring 1,066.66 s.q received bid Rs.805,000/- per square yard, plot No.13/F-1, Markaz F-7, measuring 722.22 s.q received bid Rs.1,161,000/- per square yard, Plot No.B-4, Blue Area (G-9), measuring 1333.33 s.q received bid Rs.955,000/- per square yard and Plot No.6-A, Blue Area (G-8), measuring 777.77 s.q received bid Rs.712,000/- per square yard were auctioned.

 The committee will submit its recommendations to the CDA Board. The CDA Board is the competent authority to accord final approval to the recommendations after the conclusion of auction process.

Auction of commercial plots will be presented for auction on last day (April 11th, 2019).