Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Bidding of plots good for economic development: CDA
03-27-2013, 02:15 PM
Post: #1
Bidding of plots good for economic development: CDA
Islamabad: Chairman Capital Development Authority (CDA), Syed Tahir Shahbaz has said that the successful bidding of residential and commercial plots in the developed sectors of the federal capital would further promote economic and development activities in the city.

He said this on the conclusion of two-day auction at Jinnah Convention Centre on Tuesday.

Chairman CDA lauded the performance of auction committee for conducting auction of plots in a transparent manner.

The committee headed by Azhar Ali Chaudhry, Member Finance and comprising of Syed Mustafain Kazmi, Member Planning and Design, Shaista Sohail, Member Estate, Deputy Director General Finance, Director Estate Management-I, Director Estate Management-II and Director Public Relations as its members has efficiently supervised the bidding process.

The authority, on the second day, presented seven numbers of commercial plots for bidding including three plots in Blue Area, one in Markaz D-12, two in Markaz E-12 and one plot in Markaz I-12. Blue Area plot received the highest bid of Rs.483,000 per square yard. The commercial plots offered for auction would fetch around Rs.2463.160 million.

CDA is likely to get around Rs.3239.466 million from the auction of both the residential and commercial plots.

On the day first, CDA offered 38 residential plots of different sizes situated in Sector G-10, G-11 and D-12. CDA got Rs.776.306 million from auction of the residential plots.

The plots were offered during the two-day auction and bids received would be presented before the CDA board which is the final authority to accept or reject the offers.
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
  Good News: DHA Quetta Says Residents Will Soon Get Optical Fiber Cable Service LRE-Azan 0 620 01-26-2023 02:31 PM
Last Post: LRE-Azan
  Good News: LDA Announces 4th Ballot for Allocation of Plots in LDA City LRE-Azan 0 701 01-21-2023 02:23 PM
Last Post: LRE-Azan
  Good news: Margalla Avenue to be Completed ‘Very Soon’ – Chairman CDA LRE-Azan 0 782 01-21-2023 01:15 PM
Last Post: LRE-Azan
  LAHORE NEWS: Secretary Terms SEZs as Key to Economic Development LRE-Azan 0 718 01-21-2023 01:13 PM
Last Post: LRE-Azan
  Capital Development Authority (CDA) conducts ballot of Sector C 411 Plots LRE-Azan 0 675 01-21-2023 12:07 PM
Last Post: LRE-Azan
  Good News: NHA to Restart Double-Road Construction Between Rawalpindi and Kahuta LRE-Azan 0 683 01-20-2023 06:23 PM
Last Post: LRE-Azan
  Pakistan Raised their Economic Development Ahsan Iqbal LRE-Azan 0 4,596 11-06-2017 01:43 PM
Last Post: LRE-Azan
  Good News For Registered Members Of Bahria Town Karachi Salman 0 4,948 02-06-2014 12:42 PM
Last Post: Salman
  CDA sells six plots amid aggressive bidding Salman 0 5,274 11-19-2013 04:52 PM
Last Post: Salman
  Depressed market conditions affect CDA bidding Salman 0 4,194 11-23-2012 03:31 PM
Last Post: Salman
  Land allotment does more harm than good Salman 0 4,690 08-27-2012 06:13 PM
Last Post: Salman
  ‘Livestock sector Punjab’s economic backbone’ Salman 0 3,249 08-02-2012 03:12 PM
Last Post: Salman
  ‘NHA playing key role in socio-economic uplift’ Salman 0 3,807 07-13-2012 01:40 PM
Last Post: Salman
  Pak-Turk ties guarantee economic uplift: CM Salman 0 3,753 03-14-2012 12:25 PM
Last Post: Salman
  Pak-Iran economic relations Salman 0 4,242 02-18-2012 07:00 PM
Last Post: Salman
  CDA to boost economic activities in capital Salman 0 4,288 02-07-2012 12:58 PM
Last Post: Salman
  Commercial & Residential Plots for Acution By Lahore Development Authoirty Salman 0 5,012 01-13-2012 02:33 PM
Last Post: Salman
  Residential plots auction fails to fetch good price Salman 0 4,593 01-11-2012 11:54 AM
Last Post: Salman
  Asia becomes new world economic centre Salman 0 3,879 01-09-2012 11:34 AM
Last Post: Salman
  Exercising while fasting: The good and bad LRE 0 3,596 08-16-2011 01:40 AM
Last Post: LRE

Forum Jump:


User(s) browsing this thread: 2 Guest(s)