Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
CDA to earn Rs 149.82m from plots auction
11-20-2012, 12:08 PM
Post: #1
CDA to earn Rs 149.82m from plots auction
Islamabad—The Capital Development Authority (CDA) get good market based response for residential plots on first day of the CDA grand auction on Monday despite depressing real estate prices. CDA is likely to get Rs 149.82 million from auction of these residential plots if the bidding process is completely rectified by the CDA Board.3.

The Authority is holding two day grand auction of residential, commercial plots, economy flats, filling stations and other plots of different sizes and categories in developed sectors of Islamabad which commenced with the auction of residential plots on Monday.

The grand auction under the auspices of the CDA begin at Jinnah Convention Centre participated by a large numbers of bidders. The Authority presented ten (10) numbers of residential plots in Sector G-10/2, for bidding process on the first day of auction, which all received good response from the bidders. Four (4) numbers of residential plots measuring size 272.22 of Sector G-10 and 6 plots measuring size 355.55 square yards of the same sector were offered for auction.

During the auction on Monday the residential Plot No.556, Sector G-10/2 measuring 355.55 square yards received the highest bid of Rs. 51,000/- per square yard, whereas the Plot No.551 of the same size in the same sector got the lowest bid of Rs.42,000/- per square yard. The Plots No.555, 554, 553 and 552 measuring 355.55 square yard each get the price of Rs.44,500/-, Rs.46,000/-, Rs.46,500/- and Rs.44,000/- per square yard respectively. The Plot No.537 in 272.22 square yard category, in Sector G-10/2 get the highest bid of Rs.50,000/- per square yard among four plots of this size.

Whereas Plots No.535, 536 and 538 measuring 272.22 get the price of Rs.46,500/-, Rs.46,500/- and 49,500/- per square yard respectively. The auction process was supervised by Member Finance CDA, Azhar Ali Chaudhry, and participated by the members of the committee comprising of Member Planning and Design, Syed Mustafain Kazmi, Member Estate, Shaista Sohail, Deputy Director General Finance, Zia-ur-Rehman Toor, Director Estate Management-I, Naveed-ul-Haq, Director Estate Management-II, Muhammad Aslam Chaudhry and Director Public Relations, Ramzan Sajid
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  CDA Decided to Auction Commercial & Residential Plots Next Month LRE-Azan 0 666 09-30-2023 04:55 PM
Last Post: LRE-Azan
  CDA Collected Rs6 billion from Plots Auction Salman 0 4,840 04-24-2015 03:11 PM
Last Post: Salman
  CDA finalises arrangements for auction of commercial plots Salman 0 5,138 03-26-2014 06:36 PM
Last Post: Salman
  CDA’s commercial plots auction from April 2nd Salman 0 5,062 03-22-2014 06:07 PM
Last Post: Salman
  Islamabad CDA to auction commercial plots from next month Salman 0 5,448 03-17-2014 01:30 PM
Last Post: Salman
  CDA changes building parameters to make auction of plots success Salman 0 4,645 02-28-2014 01:38 PM
Last Post: Salman
  CDA earns Rs8b from auction of commercial plots Salman 0 6,297 11-25-2013 01:26 PM
Last Post: Salman
  CDA earns Rs1.88b on second day of auction Salman 0 5,407 11-22-2013 05:21 PM
Last Post: Salman
  CDA to ensure hassle-free process for auction of plots Salman 0 6,500 11-18-2013 12:22 PM
Last Post: Salman
  CDA to hold three-day auction of 56 commercial plots Salman 0 12,893 11-06-2013 02:58 PM
Last Post: Salman
  CDA to auction commercial plots in November Salman 0 12,155 10-31-2013 02:31 PM
Last Post: Salman
  CDA to auction 40 commercial plots in November Salman 0 9,208 10-14-2013 04:28 PM
Last Post: Salman
  CDA to hold auction of commercial plots Salman 0 11,908 10-10-2013 01:42 PM
Last Post: Salman
  LDA To Auction Commercial Plots On 10th October 2013 Salman 0 8,774 09-27-2013 04:03 PM
Last Post: Salman
  LDA to auction four plots for new bank square Salman 0 8,078 09-09-2013 01:39 PM
Last Post: Salman
  LDA to Auction 50 commercial plots on 24th September 2013 Salman 0 10,090 09-04-2013 08:37 PM
Last Post: Salman
  CDA to get Rs4.6 billion from auction of commercial plots Salman 0 6,781 07-18-2013 10:57 AM
Last Post: Salman
  CDA to auction commercial plots Salman 0 6,632 06-26-2013 11:56 AM
Last Post: Salman
  CDA to auction 52 commercial plots in I-12 Markaz Salman 0 6,129 06-11-2013 02:32 PM
Last Post: Salman
  Plan finalised for commercial plots auction in I-12 Salman 0 5,905 06-10-2013 12:27 PM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: 1 Guest(s)