LDA auctions seven plots

[Salman]

LDA auctions seven plots

LAHORE: Seven plots including three commercial and four residential plots were auctioned by LDA against Rs 53.7 million on Thursday.

Open auction of 18 commercial plots of Sabzazar, Jubilee Town, Allama Iqbal Town and Mustafa Town and 10 residential plots of Sabzazar and Jubilee Town was held at the LDA Community Centre, which was participated by 25 bidders who had deposited earnest money in the form of pay orders of requisite amount for this purpose.

Per Marla base price of these plots had been estimated by the approved evaluators of the State Bank of Pakistan.

Maximum bid was offered for commercial plot 7, Vegetable Market Allama Iqbal Town, measuring 3 marlas and 25 sft, which was auctioned against a total amount of Rs 5.2 million. Its base price had been fixed as Rs 1.5 million per marla where as it fetched a price of Rs 1.7 million per marla.

Members of the auction committee of LDA including Directors Estate Management Akbar Nakai, Moazam Rasheed and Usman Ghnai and Director Land Development IV Waseem Abbas and other officers supervised the auction proceedings.