Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
LDA auctions 16 commercial plots for Rs 126 million
01-22-2014, 03:15 PM
Post: #1
LDA auctions 16 commercial plots for Rs 126 million
LAHORE: The Lahore Development Authority (LDA) on Tuesday auctioned as many as 16 out of total of 35 commercial plots located in Johar Town and Sabzazar areas against a sum of Rs 126 million in an ‘open auction’ held here at the authority’s community center.
As many as 46 bidders participated and offered their bids in the open auction after depositing earnest money in the form of pay-orders of requisite amount for the purpose. Per marla base price of these plots had been estimated by the approved evaluators of the State Bank of Pakistan.
During the auction, maximum bid was offered for commercial plot number 402, block D-II, of Johar Town, measuring 15 marlas that was auctioned against a total amount of Rs 23.2 million. Its base price had been fixed as Rs 1.4 million per marla where it fetched a price of Rs 1.55 million per marla. Members of the auction committee of LDA and other officers supervised the auction proceedings.
On the other hand, the LDA staff of the Commercialization and Enforcement Directorates continued operation against unlawful properties and sealed a total of 52 commercial units and demolished illegal constructions in different housing schemes. The buildings in Quaid-e-Azam Town which were sealed due to illegal commercial use of plots included Al-Falah Electronics on plot No 5 block 13-B-1, Sony Centre on plot No. 141 block 13-B-1, Al-Fazal Restaurant on plot No. 148 block 13-B-1, Metro Tiles on plot No. 9 block 2-C-2, Shan Electronic Store on plot No. 13 block 2-C-2, Al-Zaib Mariage Hall on plot No. 29 block 2-C-2, Al-Fatah Sanitary on plot No. 8 block 1-C-1, Haier on plot No. 13 block 1-C-1, Samsung on plot No. 31 block 1-C-1, Farooq Glass on plot No. 36 block 1-C-2, Al-Quresh Marriage Hall, and other buildings.
While the LDA staff demolished illegal structures set up on plot reserved for public utilities besides dismantling boundary wall on mosque site in Khayaban-e-Zahra and encroachments and illegal constructions on mortgaged plots of Nawab Town. The site office established in graveyard of Jafar Town was also demolished and the office of Audit and Accounts Housing Society Phase-I was sealed due to non-execution of transfer and mortgaged deeds
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
  GIEDA had Completely Ignored the Rules in allotting Commercial & Industrial plots LRE-Azan 0 128 01-03-2018 04:43 PM
Last Post: LRE-Azan
  Possession Plots Detail of Sector A,B,C & D Commercial Broadway Ph-VIII DHA Lahore Salman 0 2,784 04-30-2015 06:39 PM
Last Post: Salman
  CDA finalises arrangements for auction of commercial plots Salman 0 2,351 03-26-2014 06:36 PM
Last Post: Salman
  CDA’s commercial plots auction from April 2nd Salman 0 2,225 03-22-2014 06:07 PM
Last Post: Salman
  Islamabad CDA to auction commercial plots from next month Salman 0 2,354 03-17-2014 01:30 PM
Last Post: Salman
  LDA Auctioned Six Commercial And Nine Residential Plots ... Salman 0 2,497 03-14-2014 05:47 PM
Last Post: Salman
  LDA Auctioned 34 Commercial Plots In Lahore Salman 0 2,573 02-15-2014 06:12 PM
Last Post: Salman
  LDA Auctions34 plots in Rs. 200 million Salman 0 1,234 02-14-2014 05:57 PM
Last Post: Salman
  CDA earns Rs8b from auction of commercial plots Salman 0 3,800 11-25-2013 01:26 PM
Last Post: Salman
  CDA ready to bid for commercial plots Salman 0 4,370 11-18-2013 02:05 PM
Last Post: Salman
  CDA Auctioning Commercial Plots Salman 0 5,973 11-12-2013 04:04 PM
Last Post: Salman
  CDA to hold three-day auction of 56 commercial plots Salman 0 10,385 11-06-2013 02:58 PM
Last Post: Salman
  CDA to auction commercial plots in November Salman 0 9,815 10-31-2013 02:31 PM
Last Post: Salman
  CDA to auction 40 commercial plots in November Salman 0 6,851 10-14-2013 04:28 PM
Last Post: Salman
  CDA to hold auction of commercial plots Salman 0 9,518 10-10-2013 01:42 PM
Last Post: Salman
  LDA To Auction Commercial Plots On 10th October 2013 Salman 0 6,251 09-27-2013 04:03 PM
Last Post: Salman
  LDA to Auction 50 commercial plots on 24th September 2013 Salman 0 7,726 09-04-2013 08:37 PM
Last Post: Salman
  CDA to get Rs4.6 billion from auction of commercial plots Salman 0 4,289 07-18-2013 10:57 AM
Last Post: Salman
  LDA crackdown against commercial use of residential plots Salman 0 4,815 07-04-2013 02:24 PM
Last Post: Salman
  CDA to auction commercial plots Salman 0 4,367 06-26-2013 11:56 AM
Last Post: Salman

Forum Jump:


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