CDA auctions 13 residential plots

[Salman]

CDA auctions 13 residential plots

ISLAMABAD – On the first day of two-day open auction of residential and commercial plots, the Capital Development Authority (CDA) received bids worth Rs175 million against some 13 residential plots located in Sector G-10/2.
On Monday, CDA offered 13 plots situated in Sector G-10/2 for auction, while on Tuesday (today) commercial plots would be offered. Out of these, plot no.136-B, measuring 233.33 square yards received the highest bid of Rs 57,500 per square yard, whereas plot no.132, Sector G-10/2 and measuring 233.33 square yards got the lowest bid of Rs 38,500 per square yard.
As per details, plot no.131, measuring 233.33 square yard in Sector G-10/2 was auctioned against Rs 48,000 per square yard, plot no.132, measuring 233.33 square yard, Sector G-10/2 received bid of Rs.38, 500 per square yard.
Similarly, plot No.133, measuring 233.33 square yard, Sector G-10/2 received bid of Rs.41,500 per square yard, while plot no.134, measuring 233.33 square yard, sector G-10/2 received a bid of Rs.43,500 per square yard.
Plot No.135 measuring 233.33 square yard, Sector G-10/2 received a bid of Rs.44,000 per square yard, plot no.136, measuring 233.33 square yard received a bid of Rs.44,000 per square yard, plot no.136-A, measuring 233.33 square yard, Sector G-10/2 also received bid of Rs.50,500 per square yard.
Plot No.136-B, measuring 233.33 square yard, Sector G-10/2 received bid of Rs.57,500 per square yard. Plot No.466, measuring 355.55 square yard, Sector G-10/2 also received bid of Rs.50,500 per square yard.
Plot No.467, measuring 355.55 square yard, Sector G-10/2 received bid of Rs.48,000/- per square yard, plot no.468 measuring 355.55 square yard, Sector G-10/2 received a bid of Rs.52,500/- per square yard, plot no.469 measuring 355.55 square yard, Sector G-10/2 received a bid of Rs.51,500 per square yard, plot no.470 measuring 355.55 square yard, Sector G-10/2 received a bid of Rs.48,500/- per square yard.
This auction is being supervised by a committee headed by Javed Jehangir Member Finance, while Khalid Mahmud Mirza, Member Estate, Director Estate Management-I, Director Public Relations, Director Estate Management-II, and Deputy Financial Advisor present at the venue are the members of the committee. A large number of people participated in the auction on the first day.
The auction of commercial plots would be conducted on September 11, 2012 (today) from 10:00 A.M to 4:00 P M.
The auction committee would submit its recommendations to the CDA Board, which is the final Authority for approval of these auctions.